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Sichuan Neautus TCM Files for Hong Kong IPO to Accelerate Domestic and Global Expansion

HONG KONG, Sep 3, 2025 - (ACN Newswire via SeaPRwire.com) - Company leverages dual-market strategy and technology-driven standardization to strengthen its leadership in China’s TCM sector and enter international markets.Sichuan Neautus Traditional Chinese Medicine Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange. The IPO is intended to raise capital to support the company’s expansion both domestically and internationally amid rapid modernization of China’s traditional Chinese medicine (TCM) industry.Founded in 2021, Chengdu, China, Neautus has grown into a leading player in the herbal decoction pieces market, with annual revenue exceeding RMB 1.2 billion.Dual Growth EnginesNeautus operates a “dual-engine” growth model, balancing institutional sales and consumer demand.The company supplies more than 1,000 major hospitals in China and is continuing to grow.  And through its B2B platform, “Jinfang Caotang,” which is an online platform aimed at meeting the demands of approximately 90,000 TCM clinics in China, the company has seen significant success. Since the launch of “Jinfang Caotang,” the platform has attracted over 5,200 registered TCM clinics within a year, signaling high growth.In the consumer market, Neautus specializes in ready-to-consume herbal supplements aimed at a diverse demographic of Traditional Chinese Medicine (TCM) users in China. Additionally, the company has expanded its reach into overseas markets, including Hong Kong, Taiwan, Vietnam, and Malaysia.Technology-Driven StandardizationNeautus is the first company worldwide to apply DNA barcoding technology to identify herbal materials, a standard recognized by both the Chinese and British Pharmacopoeias. This achievement earned the company the National Science and Technology Progress Award (Second Class).  In recent years, Neautus has also obtained a series of high-level certifications—from “Chengdu Digital Workshop” to Sichuan Province’s  “Advanced Smart Factory”—highlighting its advancement toward Intelligentization 2.0.Market Tailwinds and Global ExpansionSupported by national policies promoting standardization, Frost & Sullivan projects China’s TCM market will exceed RMB 599.3 billion by 2030. IPO proceeds will fund overseas capacity, international certifications, cross-border e-commerce, regional acquisitions, and entry into European and U.S. markets. The company is also planning on developing AI-assisted diagnostic tools via its “Jinfang Cloud” platform.IPO OutlookThe IPO underscores Sichuan Neautus’s role in transforming the TCM industry from traditional manufacturing to value-driven healthcare innovation, while further strengthening its position as an industry leader and advancing the sector toward higher standards and quality.About Sichuan Neautus Traditional Chinese Medicine Co., Ltd.Sichuan Neautus Traditional Chinese Medicine Co., Ltd. specializes in high-quality herbal decoction pieces and health supplements, combining technology, traceability, and research to serve domestic and international markets. Copyright 2025 ACN Newswire via SeaPRwire.com.

SERES Posts Robust H1 2025 Results: Revenue Hits CNY 62.4 Billion, Net Profit Up 81% to CNY 2.94 Billion, R&D Investment Soars nearly 155%

HONG KONG, Sep 3, 2025 - (ACN Newswire via SeaPRwire.com) - On August 29, SERES announced its 2025 mid-year results, reporting strong growth across all key metrics. In the first half of the year, SERES achieved operating revenue of CNY 62.4 billion and net profit attributable to shareholders of CNY 2.94 billion—an 81% year-on-year increase. R&D investment reached CNY 5.12 billion, up nearly 155% from the prior year, while NEV sales totaled 172,108 units.This impressive performance was fueled by robust demand for premium smart electric vehicles under the AITO brand, supported by exceptional product quality and delivery capabilities. Contributing factors include the versatile MF Platform for efficient model development, the Super Factory for rapid production scaling, advanced digital-intelligent quality assurance systems, and a modern luxury experience that continues to strengthen AITO’s market reputation.AITO’s latest models continue to raise the bar, with the AITO 9 and AITO 8 maintaining their positions as sales leaders.In the first half of this year, the AITO series continued to evolve with several new launches, including the AITO 5 Ultra, the 2025 Edition AITO 9, and the AITO 8—all of which received strong market and consumer response.Thanks to improvements across its entire value chain, AITO has set new standards for delivery among China’s luxury new energy vehicle brands. As of August 2025, total deliveries of all AITO models have surpassed 750,000 units. Notably, cumulative deliveries of the AITO 9 have exceeded 220,000 units, making it the top-selling vehicle in the CNY 500,000 luxury car segment. The AITO 8 quickly became a bestseller after its debut, with over 70,000 units delivered and holding the top spot in the CNY 400,000 price segment for four consecutive months.Additionally, according to LandRoads’ Brand Health Tracking Study for New Energy Vehicles in the first half of 2025, the AITO brand ranked No. 1 in the Brand Development Confidence Index. The AITO 9 also led the overall new energy vehicle Net Promoter Score (NPS) rankings, with a score of 85.2.Notably, AITO launched an all-electric version of its family-focused flagship SUV, the AITO 8, on August 25. The all-new AITO 7 is also set to make its official debut in September. With the ongoing introduction of new models, AITO continues to expand its product lineup to meet the diverse needs of consumers and strengthen its leadership in the luxury new energy vehicle market.A Commitment to Technological Innovation and Robust R&D InvestmentTechnological innovation is central to SERES’ long-term growth. The company has consistently invested in research and development, driving new advancements and achieving remarkable results in technology. In the first half of 2025, SERES invested CNY 5.20 billion in R&D—nearly a 155% increase year-over-year. The number of R&D personnel reached 6,984, up approximately 27% from last year and now comprising 36% of the company’s total workforce.At this year’s Shanghai Auto Show, SERES unveiled its intelligent safety system, pioneering a scenario-based approach to vehicle safety. The new system establishes an intelligent safety framework across four key areas: life protection, vehicle body protection, health care, and privacy protection. This comprehensive approach ensures user safety throughout the entire vehicle lifecycle and sets a new industry benchmark for intelligent safety.Previously, SERES introduced a series of major technological advancements, including the SERES MF Platform, SERES Super Range-Extender, and the SERES Super Factory. The SERES Super Factory has been an industry pioneer with its “factory-within-a-factory” model, driving product integration, intelligent manufacturing, and industrial clustering to boost collaboration and innovation. The company also set a new industry standard with its Zero-Carbon Smart Logistics Hub.Brand Value Surges Amid Strong Investor ConfidenceAs the world’s fourth new energy vehicle manufacturer to achieve profitability, SERES laid a strong foundation for growth in the first half of the year through strategic product portfolio optimization, technological innovation, and enhanced operational efficiency.SERES also ranked 169th on the 2025 Fortune China 500 list. This was an ascent of 235 spots from the previous year, making it the fastest-climbing company on the list. On the TopBrand 2025 China’s Top 500 Brands list, released in August, SERES ranked 92nd with a brand value of CNY 175.52 billion, breaking into the automotive industry’s top 10 and highlighting its leadership in brand development and market influence. More recently, on August 28, SERES climbed to 59th place—up 174 spots—on the 2025 China Top 500 Private Enterprises list, becoming the top-ranked private enterprise in Chongqing.Meanwhile, the capital markets continue to show strong confidence in SERES’ future growth. In the past six months, nearly 40 securities firms have issued “Buy” ratings for SERES, with expectations that the company will maintain a strong growth trajectory throughout the second half of the year. Copyright 2025 ACN Newswire via SeaPRwire.com.

Galaxy Payroll Group Limited Announces Share Consolidation

HONG KONG, Sep 4, 2025 - (ACN Newswire via SeaPRwire.com) - September 3, Galaxy Payroll Group Limited (Nasdaq: GLXG) ("Galaxy" or the "Company"), a leading global payroll provider, today announced that its Board of Directors has unanimously approved a consolidation of all issued and unissued ordinary shares at a ratio of ten (10) shares to one (1) share of the same class (the “Share Consolidation”). The Share Consolidation was approved pursuant to the British Virgin Islands Business Companies Act and the Company's amended and restated memorandum and articles of association.The Share Consolidaton will be effective at 12:01 a.m. (ET) on September 8, 2025 (the “Record Date”) and the Company’s ordinary shares will begin trading on the Nasdaq Capital Market (“Nasdaq”) on a consolidation-adjusted basis at the opening of market on September 8, 2025. The Company’s ordinary shares will continue to trade on the Nasdaq Capital Market under the trading symbol “GLXY” but will trade under the following new CUSIP number: G37692 111.The Share Consolidation will apply to both Class A and Class B ordinary shares, with the par value per share increasing from US$0.000625 to US$0.00625 following the consolidation. The Share Consolidation will reduce the number of outstanding ordinary shares of the Company from 21,615,000 to approximately 2,161,500. No fractional shares will be issued in connection with the Share Consolidation. Instead, the Company will issue one full post-Share Consolidation ordinary share to any shareholder at a participant level who would have been entitled to receive a fractional share as a result of the process. The Company's memorandum and articles of association will be amended to reflect these changes."The share consolidation represents an important step in optimizing our capital structure as we position the Company for future growth opportunities," said Mr. Wai Hong Lao, Chairman and Chief Executive Officer of Galaxy Payroll Group. "This action will streamline our share structure while maintaining the proportional rights and economic interests of all shareholders."About Galaxy Payroll Group Limited Galaxy Payroll Group Limited is a leading payroll outsourcing service provider based in Hong Kong. The company specializes in delivering HR and payroll solutions to multinational companies across various industries. With a focus on innovation and client satisfaction, GLXG operates in Hong Kong, Taiwan, Macau, and the PRC, offering payroll outsourcing, employment services, and consultancy to businesses of all sizes.For more information, please visit Galaxy Payroll Group's website: www.galaxyapac.com. Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words "believe," "anticipate," "intends," "estimate," "potential," "may," "should," "expect" "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations.For enquiry, please contact Intelligent Joy Limited:Karen DengPhone: (852) 3594 6407Email: pr-team@intelligentjoy.com Copyright 2025 ACN Newswire via SeaPRwire.com.

Focus Graphite Pilot Run Demonstrates Significant Increase in Large and Jumbo Flake Recovery at Lac Knife

Lac Knife Graphite meets and exceeds U.S. DoD standards while delivering ~47wt.% large flake recovery for advanced material markets in recent pilot run conducted by AETCOttawa, Ontario--(ACN Newswire via SeaPRwire.com - September 2, 2025) - Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) ("Focus" or the "Company") a Canadian developer of high-grade flake graphite deposits in Quebec, is pleased to announce results from a continuous pilot beneficiation program performed by American Energy Technologies Company ("AETC") on its 100%-owned Lac Knife project. The adjustment from 97.8% total graphite content ("TGC") to 95% TGC resulted in a substantial increase in coarse flake recovery. Large and jumbo flakes increased from approximately 33% to 47%, materially improving economics and diversifying market opportunities in a product portfolio approach planned by Focus.To achieve these results, Focus commissioned AETC to run an upstream beneficiation circuit consisting of 18 processing units connected in series in a continuous locked-cycle campaign. Over 800 kilograms of Lac Knife graphite-bearing rock was processed, producing a concentrate that not only met market specifications but also preserved natural flake size. By producing concentrate in line with real-world demand specifications, Focus maximizes downstream value while enhancing exposure to premium, non-battery markets.In Focus's original pilot plant testing program conducted at SGS Minerals ("SGS") in Lakefield (2013-2014), the objective of achieving a graphite concentrate grade of 97.8% TGC at 90.7% total recovery was successfully met. These results formed the technical foundation of the Lac Knife Feasibility Study (updated 2023), which outlined a process plant designed to produce 50,000 tonnes per year of graphite concentrate, including 47,781 tonnes of high-grade 97.8% TGC salable concentrate from a feed grade of 14.8% TGC. The process flow sheet developed through this work includes crushing, grinding, polishing, flotation, concentrate dewatering and drying, concentrate screening and bagging, and tailings filtration and loadout. While the Feasibility Study demonstrated Lac Knife's ability to deliver ultra-high-purity graphite, subsequent market feedback confirmed that such high purities are not required - and do not command a price premium - in most anode or industrial applications.As a benchmark, the U.S. Defense Logistics Agency ("DLA") Strategic Materials program has defined procurement specifications for natural graphite as -100 mesh concentrate. Lac Knife material comfortably exceeds U.S. defense-grade requirements, while simultaneously aligning with anode makers' specifications for EVs and stationary energy storage.Specification DLA RequirementFocus Graphite - AETC PilotFixed Carbon (TGC)≥ 94%95.5%Ash≤ 5%4.5%Volatile Matter≤ 1.2%0.63 wt.% (600 °C)Moisture≤ 0.5%<0.5%Size Distribution<20% retained above 100 mesh; ≤20% passing below 325 meshD10 = 33 µm; D50 = 120 µm; D90 = 272 µm; mean 153 µm Table 1: DLA Strategic Materials Program Benchmark vs. Focus Graphite Lac Knife AETC Pilot ResultsNote: As of August 2025, The DLA has indicated its intent to source 49,433 tonnes of natural flake graphite over the next five years (CIP-Hammond, Indiana)Coarse graphite flakes are rare and command premium pricing in markets where physical size is the key differentiator. On October 20, 2023, China announced its restrictions on certain graphite exports to the United States and other counties, with the new regulations taking effect on December 1, 2023. These rules, requiring export permits for high-grade natural and synthetic graphite products, were introduced under the banner of protecting China's national security. Most projects worldwide produce very little of this unique material. With its coarse flake profile, Lac Knife positions Focus to supply several high-margin speciality applications:Jumbo flake (+30, +25, +20 mesh; ~5% of total, up to 0.84 mm in size) - High-end EMI shielding in electronics and defense equipment, corrosion resistant gaskets in marine and aerospace, crucibles for specialty alloys and rare earth processing, radar absorbing and steal composites, icephobic for aircraft and ships, precursor for graphene platelets.+50 mesh (~15%) and +80 mesh (~24%) - Expandable and expanded graphite for fire-suppressant foams. With PFAS-based aqueous film-forming foams ("AFFF"), otherwise known as forever chemicals, being phased out amid billion-dollar lawsuits, demand for safe, graphite-based alternatives is expected to surge. Processed graphite generated from these flake sizes are also used in lead-acid and premium performance alkaline batteries.+100 mesh - Recently proven in a hypersonic rocket nozzle launch, this fraction is valued in aerospace, defense, semiconductor and advanced materials markets.-100 mesh - Tailored for the battery-grade anode market in both EVs and stationary battery energy storage systems ("BESS") applications, ensuring compliance with global demand.Additionally, Lac Knife graphite demonstrates exceptionally low volatile content, a critical property for the most demanding nuclear and defense applications. While many companies can produce standard battery-grade graphite, nature rarely yields deposits with such a high proportion of coarse flakes. Lac Knife's increase in large and jumbo flake recovery from approximately 33% to 47% further strengthens Focus's strategic position. This advantage not only supports advanced processing pathways but also enables the Company to deliver environmentally friendly materials to market, creating opportunities to replace PFAS-based "forever chemicals" with safer, sustainable alternatives."The results from this pilot program reinforce Lac Knife's unique position as one of the few graphite projects capable of delivering both defense-grade and battery-grade material at scale," said Dean Hanisch, CEO of Focus Graphite. "By achieving market-aligned concentrate specifications, we are not only positioned to supply the EV and energy storage sectors, but also to serve premium aerospace, defense, and specialty markets. This dual-market advantage reduces risk, expands opportunity, and underscores Focus Graphite's role as a strategic supplier in North America's critical minerals supply chain."It should be noted that this pilot program was conducted on more than 800 kilograms of Lac Knife graphite, and while the results are consistent with expectations, they may not fully represent the variability of the entire deposit. Focus intends to conduct larger scale testing in the future.Image 1: Focus Graphite Lac Knife Natural Flake Graphite Master Concentrate, C of ATo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1963/264723_7a22223b44e3fbc5_001full.jpgQualified PersonsThe technical content disclosed in this news release was reviewed and approved by Réjean Girard, P.Geo. (QC), President of IOS Geosciences Inc., a consultant to the Company, and a qualified person as defined under National Instrument NI-43-101.About American Energy Technologies CompanyAmerican Energy Technologies Co. ("AETC") is a woman-owned, privately held business which conducts operations out of the greater Chicago area. In its Wheeling, IL facility, AETC operates three business units: a manufacturing plant making battery-ready graphite and carbon materials, a pilot demonstration facility for battery materials and graphite dispersions, and a fully-functional applications laboratory supporting the above business units. Currently, AETC is one out of just three in total organizations which commercially manufacture lithium-ion battery-ready graphite in the United States. Furthermore, AETC's Wheeling, IL plant is currently the only industrial end-to-end commercial manufacturer of spherical purified surface coated natural graphite in the US. In doing so, the company develops and operates an upstream ore beneficiation, unique refining, particle spheroidization, and carbon coating technologies. AETC is both developing and produces spherical graphite (natural and synthetic), expanded graphite, partially graphitized nanostructured carbons, ultra-high purity graphite-based electrically conductive inks, paints, and coatings which find use within the industry. AETC is a proud supply chain member of electric vehicles and an approved supplier to twelve battery manufacturers and one fuel cell producer.For more information, please visit https://www.usaenergytech.comAbout Focus Graphite Advanced Materials Inc. Focus Graphite Advanced Materials is redefining the future of critical minerals with two 100% owned world-class graphite projects and cutting-edge battery technology. Our flagship Lac Knife project stands as one of the most advanced high-purity graphite deposits in North America, with a fully completed feasibility study. Lac Knife is set to become a key supplier for the battery, defense, and advanced materials industries.Our Lac Tetepisca project further strengthens our portfolio, with the potential to be one of the largest and highest-purity and grade graphite deposits in North America. At Focus, we go beyond mining - we are pioneering environmentally sustainable processing solutions and innovative battery technologies, including our patent-pending silicon-enhanced spheroidized graphite, designed to enhance battery performance and efficiency.Our commitment to innovation ensures a chemical-free, eco-friendly supply chain from mine to market. Collaboration is at the core of our vision. We actively partner with industry leaders, research institutions, and government agencies to accelerate the commercialization of next-generation graphite materials. As a North American company, we are dedicated to securing a resilient, locally sourced supply of critical minerals - reducing dependence on foreign-controlled markets and driving the transition to a sustainable future.For more information on Focus Graphite Inc. please visit http://www.focusgraphite.comInvestors Contact: Dean Hanisch CEO, Focus Graphite Inc. dhanisch@focusgraphite.com +1 (613) 612-6060Jason LatkowcerVP Corporate Developmentjlatkowcer@focusgraphite.comCautionary Note Regarding Forward-Looking StatementsCertain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could," "intend," "expect," "believe," "will," "projected," "estimated," and similar expressions, as well as statements relating to matters that are not historical facts, are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions as to the outcome and timing of such future events.In particular, this press release contains forward-looking information regarding, among other things, the anticipated performance of graphite concentrate from the Lac Knife project; the implications of pilot plant results carried out on approximately 500 kilograms of material; the potential for recovery rates and flake size distribution to be replicated at commercial scale; the ability of the Company to meet U.S. Defense Logistics Agency, battery, and industrial specifications; the potential economics outlined in the Lac Knife Feasibility Study; and the Company's strategy to position itself as a supplier to electric vehicle, energy storage, aerospace, defense, and specialty markets.Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, risks related to market conditions, regulatory approvals, changes in economic conditions, the ability to raise sufficient funds on acceptable terms or at all, operational risks associated with mineral exploration and development, and other risks detailed from time to time in the Company's public disclosure documents available under its profile on SEDAR+.The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information.Neither TSX Venture Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264723 Copyright 2025 ACN Newswire via SeaPRwire.com.

Watch & Clock Fair and Salon de TIME open today, Showcasing World-renowned timepieces and highlighting Hong Kong’s advantages as an international platform

- The Hong Kong Watch & Clock Fair and Salon de TIME to be held from 2 to 6 September, attracting over 650 exhibitors from 15 countries and regions- The Watch & Clock Fair features eight major themed zones, covering a wide range of watch and clock products, providing buyers with a one-stop sourcing platform- Exhibitors will launch new products during the fairs, capitalising on market trends, and introducing items featuring Chinese cultural designs, crossover and products incorporating eco-friendly and innovative elements- Salon de TIME is once again open to both industry professionals and the public for free, offering an array of exciting activities, including luxury watch parades, new watch launches, lucky draws, and sessions for watch appreciation and tea art experiences, among othersHONG KONG, Sep 2, 2025 - (ACN Newswire via SeaPRwire.com) - The 44th HKTDC Hong Kong Watch & Clock Fair and the 13th Salon de TIME, jointly organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Limited, and The Federation of Hong Kong Watch Trades & Industries Limited, open under the theme “Our Time Our Moments”.The two fairs have attracted over 650 exhibitors from 15 countries and regions, presenting a wide array of exquisitely crafted and distinctive watch and clock products. This year's exhibition features pavilions from Guangzhou, Taiwan, the Swiss Independent Watchmakers Pavilion (SIWP), and the French pavilion by Francéclat. It also welcomes the return of exhibitors from Germany, Japan, Lebanon and the Netherlands.The physical fairs will take place at the Hong Kong Convention and Exhibition Centre for five consecutive days, from 2 to 6 September. Meanwhile, the Click2Match AI-driven business matching platform is open until 13 September, allowing exhibitors and buyers to continue their negotiations online.Salon de TIME remains open to both industry professionals and the public for free. Some brands also provide on-site retail so the public can purchase directly.A comprehensive range of watch products and servicesAt the Hong Kong Watch & Clock Fair, there are eight specialised zones, providing a one-stop sourcing platform for global buyers. Among them, Pageant of Eternity showcases high-end finished watches produced through Original Equipment Manufacturing (OEM) and Original Design Manufacturing (ODM). Other zones include Complete Watches, Clocks, Machinery & Equipment, OEM Smart Watches, Packaging & Display, Parts, Components & Accessories, and Trade Services, covering a wide range of industry needs.Salon de TIME brings together over 140 global brands, marking a post-pandemic high. It features six themed zones, including this year's addition of the Microbrands, which showcases several unique niche brands offering high-value, creatively designed watches.The World Brand Piazza, now in its 15th year of collaboration with Prince Jewellery & Watch, remains a highlight of the fair especially for watch collectors. This year, it presents limited edition and prestige watches from nine major international brands: Baume & Mercier, Corum, Cvstos, DeWitt, Kerbedanz, Montblanc, Peonia Diamond, Sarcar, and Ulysse Nardin. Other zones include Renaissance Moment, Wearable Tech, Craft Treasure, and Chic & Trendy.This year, exhibitors are launching new products based on a close evaluation of current market trends. Some of the highlighted and innovative watches from the two fairs include:Watches with Chinese cultural elementsIn recent years, some watches have incorporated elements of traditional Chinese culture into their designs, earning recognition from international award bodies. This has drawn increased attention to domestic brands and watchmakers from Mainland China.- Ma Xushu, the first member from mainland China of the Académie Horlogère des Créateurs Indépendants (AHCI), along with fellow member Tan Zehua and independent watchmakers from mainland China, Qian Guobiao and Gong Xun, will showcase multiple watches that blend exquisite craftsmanship with Chinese cultural designs. (Booth: 3F-D03)- Shanghai Watch presents a timepiece that won the Gold Award at the 2025 MUSE Design Awards in the US, drawing inspiration from Shanghai's city flower, the white magnolia. The watch face features the traditional “Suzhou embroidery” technique, depicting upward-blooming magnolias. (Booth: 3F-D01)Introducing collaborative work to create synergySome watch brands are collaborating with popular film and anime IPs to launch joint series and limited-edition models. These collaborations aim to attract specific consumer groups and enhance brand visibility and influence.- During the fair, Zbioland and Harry Potter are unveiling the “Dynamic Snake” collaborative watch for the first time, a limited edition of 200 pieces. The titanium snake on the watch twists around the bezel when wound, and when fully wound, it can move for up to 45 seconds. (Booth: 3F-D03)- Local brand INFANTRY has collaborated with Super Dimension Fortress Macross to launch a watch series. Each watch comes with two sets of accessories, allowing anime enthusiasts to freely switch styles and showcase the fusion of anime spirit and watchmaking craftsmanship. (Booth: 3G-B16)Personalised and chic luxury designs attract young consumersIn recent years, the growing demand for unique designs and the desire to express personal style have led to the increasing popularity of niche watch brands. Some microbrands have captured the young consumer segment with their distinctive designs and affordable prices, such as eOne, Le Tandy, OVD, Sunrex and No Identity, all participating in this year's exhibition.The Swiss Independent Watchmakers Pavilion (SIWP) and the French pavilion Francéclat are also showcasing 19 uniquely designed, collectible European watch brands this year. In addition, the International Luxury Group (ILG) pavilion features 13 fashionable brands with diverse styles, including Cerruti 1881, Ducati Corse, Kenneth Cole, Police, Sandoz, Tsar Bomba and Timberland.- Swiss brand Sandoz has launched a sporty watch that combines mechanical and fashionable styles. The watch features a green skeleton dial that showcases the movement's operation and is equipped with luminous hands and silver hour markers for clear readability. (Booth: 3G-A08)- Point Tec, as one of Germany's largest-selling watch companies, is participating for the first time this year with three brands: Zeppelin, Bauhaus, and Ruhla. (3G-B13A)Recycled or sustainable materials meet environmental protection demandsThe market has increasingly valued environmental, social, and governance (ESG) based products. Some consumers have started to pay attention to the material sources, manufacturing locations, and production processes of watches, prompting some watch brands to switch to recycled or sustainable materials. To make it easier for buyers to purchase products that meet environmental standards, this year's exhibition continues to feature a Green Solutions Suppliers label to identify over 30 selected exhibitors showcasing sustainable watches, including:- German brand Lilienthal Berlin which follows the launch of the world's first watch with a case made from recycled coffee grounds last year, with a watch that features a dial made from recycled tea leaves, giving it a subtle tea fragrance. (Booth: 3F-D07)- Hong Kong brand Memorigin presents the Genesis Series (Ocean Blue) tourbillon watch, featuring a polished metal case paired with an eco-friendly strap jointly created with Austrian strap manufacturer Hirsch. The strap is made from ocean recycled yarn, making it both stylish and environmentally friendly. (Booth: 3F-C03)Smart trends bring new opportunities to the industryThe popularity of wearable smart devices has brought new opportunities to the watch industry. Many brands are actively developing features such as health monitoring, GPS, temperature measurement, and weather forecasting.- German brand Oskron has introduced a smartwatch that offers organ health scoring, health monitoring, personalised wellness guidance, and sub-health warnings. Drawing on data from 300,000 traditional Chinese medicine cases and advanced AI analysis, the watch enables users to gain a comprehensive understanding of their health status. (Booth: 3F-E03)- Exhibitor Longitude Limited (Hong Kong) presents the Fila's smartwatch, which helps wearers track calories burned during physical activities. (Booth: 1C-A02)Exciting activities welcome public participationSalon de TIME will offer a variety of special activities for the public, including a series of luxury watch parades and the launch of new watches. Several celebrities have been invited to the events, including Aka Chio, Michael Tong, and Kaman Kong, as well as Olympic karate medallists Grace Lau and Ariel Torres, and retired Hong Kong wheelchair badminton players Daniel Chan. In addition to bidding on  special edition watches at an exclusive starting price through Smart Bidding, the public can participate in a lucky draw to win luxury watches.On the fourth day of the exhibition (5 September), Hong Kong metal engraving artist Carlos Koo will demonstrate the art of watch engraving. “Precision in Time, Peace in Tea” will take place on the fifth day (6 September), featuring watch collector Noel Wong and the President of the Hong Kong Association of Tea Tasting Masters and Sommeliers Limited, Stephen Cheung. They will offer a session that combines luxury watch appreciation and a tea art experience, allowing participants to enjoy the fusion of watchmaking craftsmanship and tea culture.Industry experts analyse development trendsThis year's Hong Kong Watch & Clock Fair has organised over 35 exciting activities, including seminars, forums, and networking events. Among these is the Hong Kong International Watch Forum, held today (2 September), featuring leaders from watch associations in Mainland China, Germany, France, Switzerland, Japan, and South Korea. They will share the latest trade data and industry trends from their regions and discuss global supply chain strategies.On the same day, the seminar Ancient Wisdom Meets Innovative Technology: Smart Wearables for Preventive Healthcare will feature medical experts from around the world. Speakers include Prof Hui Ka-kit, Director of the Center for East-West Medicine at UCLA, and Prof Zhang Qi-ming from the China Academy of Chinese Medical Sciences, among others. They will discuss how smart wearable devices can integrate with Eastern and Western medical concepts to monitor health.The Asian Watch Conference, taking place tomorrow (3 September) with the theme “Redefining Eternity: Trends, Values, and Visions in Watchmaking”, will feature a senior analyst from international market researcher Euromonitor International, who will discuss the latest developments in the watch market. Also speaking will be an independent watchmaker and chief representative from the SIWP, as well as a seasoned independent watch collector, member of the Academy of the Grand Prix d'Horlogerie de Genève (GPHG). They will share insights into the artistic concepts and philosophy behind independent watchmaking and microbrands.The exhibition will also feature renowned Chinese watchmakers and members of the AHCI, Ma Xushu and Tan Zehua. Along with Zhang Shusheng, a watch critic, collector, and the President of Macau Watch Association, they will explore the current state of development for Chinese independent watchmakers and the essence of independent watchmaking.Additionally, the HKTDC, the Federation of Hong Kong Watch Trades & Industries Limited, and the Hong Kong Watch Manufacturers Association Limited are organising the 42nd Hong Kong Watch & Clock Design Competition. It aims to promote exchanges in watch design and nurture local creative talent. The themes for this year are "Memorable" for the open group and "Believe in Yourself" for the student group. The competition continues to feature the Made-to-Sell Award, recognising student entries with significant market potential.Celebrity Bowie Cheung served as a guest judge and will attend the award ceremony. Winning and shortlisted entries will be displayed during the exhibition, with the award ceremony taking place on 6 September at the event stage.Scan2Match extends online connections with exhibitorsThe two fairs will continue to be held in the EXHIBITION+ hybrid model, with the AI-driven “Click2Match” business matching platform opening one week before the physical fairs, from 26 August to 13 September. This enables exhibitors to identify suitable buyers and conduct online meetings at their convenience.HKTDC also provides its Scan2Match offline-to-online service, allowing buyers to scan exhibitor QR codes at the fairs using the HKTDC Marketplace app. Buyers can also use the app to bookmark favourite exhibitors, browse product information and the interactive floor plan, make enquiries and chat online  with exhibitors during and after the fair.CENTRESTAGE will be held from 3 to 6 September at the HKCEC bringing together fashion brands and designer collections from around the world. Attendees will have the opportunity to explore the latest products from approximately 400 watch and fashion brands.Photo download: http://bit.ly/4628nlJThe 44th HKTDC Hong Kong Watch & Clock Fair and the 13th Salon de TIME opened today. Guests at the opening ceremony included Maggie Wong (centre), HKSAR Permanent Secretary for Commerce and Economic Development; Margaret Fong (fourth right), HKTDC Executive Director; Ethan Cheung (first right) and Vincent Chan (first left), Co-chairmen of HKTDC Hong Kong Watch & Clock Fair 2025 Organising Committee; Gary Lau (fourth left), Chairmanship of the HKTDC Watches & Clocks Advisory Committee; Kan Lam (second right), Chairman of the Federation of Hong Kong Watch Trades & Industries Limited; Raymond Cheng (third right), Principal Honorary President of the Federation of Hong Kong Watch Trades & Industries Limited; Richard Leung (second left), President of the Hong Kong Watch Manufacturers Association Limited; Lawrence Chan (third left), Chief Honorary President of the Hong Kong Watch Manufacturers Association Limited, and various industry representativesThe Hong Kong Watch & Clock Fair showcases a wide variety of exquisitely crafted timepieces, accessories, and components, offering a one-stop sourcing and trading platform for global buyersSalon de TIME features over 140 international brands and comprises six major themed zones, all of which are open to the publicSponsored for the 15th consecutive year by Prince Jewellery & Watch, the World Brand Piazza showcases nine world-class watch brandsDuring the exhibition, multiple luxury watch launch events and watch parades are held, , providing an impressive visual experience for attendeesThe winning and shortlisted entries of the 42nd Hong Kong Watch and Clock Design Competition are currently on display in the foyer of Hall 1, showcasing local creative talentMedia enquiriesPlease contact the HKTDC’s Communications & Public Affairs Department:Johnny Tsui Tel: (852) 2584 4395  Email: johnny.cy.tsui@hktdc.orgWebsitesHong Kong Watch & Clock Fair: https://www.hktdc.com/event/hkwatchfair/enSalon de TIME: https://www.hktdc.com/event/te/enHKTDC Media Room: mediaroom.hktdc.comAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. Copyright 2025 ACN Newswire via SeaPRwire.com.

CENTRESTAGE ELITES unveils Guo Pei’s Hong Kong solo couture debut, Star-studded runway show highlights 30+ unique creations

HONG KONG, Sep 2, 2025 - (ACN Newswire via SeaPRwire.com) - Organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA) of the Government of the Hong Kong Special Administrative Region (HKSAR), CENTRESTAGE – the annual gala event for the Asian fashion industry – takes place from 3 to 6 September 2025 at the Hong Kong Convention and Exhibition Centre. The prestigious opening event, CENTRESTAGE ELITES, took place last night at M+ in the West Kowloon Cultural District, with internationally acclaimed couturier Guo Pei presenting a stunning couture collection.The showcase at CENTRESTAGE ELITES marked the designer’s first solo couture show in Hong Kong. She presented more than 30 one-of-a-kind couture creations under the theme "Gilternity: An Everlasting Radiance” that drew inspiration from the dazzling, fleeting moment of flowing molten gold. Fusing traditional craftsmanship with modern art, the collection epitomises her unparalleled artistry and technical mastery. Guo Pei worked with students and researchers from Hong Kong Polytechnic University to collaborate on the opening piece for the show. It incorporated a unique luminous fabric, representing a breakthrough in the fusion of art and technology and highlighting a spirit of heritage and innovation in fashion design.Among the distinguished guests joining CENTRESTAGE ELITES were government officials, including Rosanna Law, Secretary for Culture, Sports and Tourism of the HKSAR Government. Celebrities, industry icons and fashion aficionados including Myolie Wu, Ayla Sham, Louise Wong, Ali Lee, Kathy Chow, Ashley Lin, Tiffany Lau and Elva Ni added a sprinkle of stardust to the event.Top models Qi Qi and Cissy Wang also made an appearance to show their support, with leading model Ella Yam showcasing Guo Pei's latest designs.Celebrating its 10th anniversary edition, CENTRESTAGE opens tomorrow (3 September) and sees a record participation of over 260 brands from 25 countries and regions. The UK is participating for the first time as Partner Country of the event, showcasing unique creations from various British designers. The four-day fashion spectacle is open to industry professionals and the public free of charge. The programme features more than 40 events, including around 30 fashion shows and parades, welcoming visitors from Hong Kong, Mainland China and overseas to experience the charm and creativity of Asia’s fashion capital. On Thursday, 4 September, Guo Pei will appear in person for a master sharing session, offering rare in-person insights into her creative journey and design philosophy.To ensure the event could be widely enjoyed, CENTRESTAGE ELITES was livestreamed across various official websites and online platforms. Fashion enthusiasts around the world can revisit the spectacular show on the following platforms:- CENTRESTAGE official website: https://www.hktdc.com/event/centrestage/en/livestream- CENTRESTAGE Instagram: https://www.instagram.com/centrestage_hktdc- HKTDC exhibition channel Facebook page: https://www.facebook.com/share/v/1AAMjms6eB/'mibextid=wwXIfr- HKTDC YouTube channel: https://www.youtube.com/live/dsECvOgiYNE'si=0OLm1S_9hXhjLiYIPhoto download:  http://bit.ly/3HOnszlGuo Pei’s inaugural solo couture show in Hong Kong showcased a collection under the theme "Gilternity: An Everlasting Radiance".Joining the glittering spectacle at CENTRESTAGE ELITES were Rosanna Law, Secretary for Culture, Sports and Tourism of the HKSAR Government (seventh left); Prof Frederick Ma, Chairman of the HKTDC (seventh right); acclaimed fashion designer Guo Pei (sixth left); Andrew Leung, President of the Legislative Council (sixth right); Margaret Fong, Executive Director of the HKTDC (fifth left); Katherine Fang, Chairman of the HKTDC Garment Advisory Committee (fifth right); Vivian Sum, Permanent Secretary for Culture, Sports and Tourism of the HKSAR Government (fourth left); Dr Peter K N Lam, Council Member of the HKTDC (fourth right);  Dr Lo Kam Wing, Council Member of the HKTDC (third left); Lowell Cho, Acting Commissioner for Cultural and Creative Industries of the HKSAR Government (second left); Sophia Chong, Deputy Executive Director of the HKTDC (second right); and Shirley Chan, Council Member of the HKTDC  and other guests.Celebrities at CENTRESTAGE ELITESMyolie WuAyla ShamLouise WongAli LeeKathy ChowAshley LinTiffany LauElva NiGuo Pei’s couture collection under the theme "Gilternity: An Everlasting Radiance"Ella Yam- wearing collection under the theme “Gilternity: An Everlasting Radiance”The opening look – a special collaboration between Guo Pei and PolyU students and researchersFinale piece- worn by international supermodel Lauren de GraafWebsites- CENTRESTAGE: www.centrestage.com.hk- CENTRESTAGE buyer online registration: https://bit.ly/4m8mv33- CENTRESTAGE Instagram: https://www.instagram.com/centrestage_hktdc/'hl=en- Fashion Hong Kong: https://www.fashionhongkong.com.hk/en- Hong Kong Young Fashion Designers' Contest (YDC): www.fashionally.comMedia enquiriesBest Crew Public Relations & MarketingDiana Tang  Tel: (852) 3594 6443  Email: diana.tang@bestcrewpr.comReni Kwok  Tel: (852) 3594 6443  Email: reni.kwok@bestcrewpr.comHKTDC’s Communications and Public Affairs Department:Sharon Ha  Tel: (852) 2584 4575  Email: sharon.mt.ha@hktdc.orgKaty Wong  Tel: (852) 2584 4524  Email: katy.ky.wong@hktdc.orgHKTDC Newsroom: http://mediaroom.hktdc.com/enAbout the HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. About Cultural and Creative Industries Development Agency (CCIDA)The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan. CCIDA’s website: www.ccidahk.gov.hk. Copyright 2025 ACN Newswire via SeaPRwire.com.

Yuzhou Group Holdings Company Limited (01628.HK) Announced the Official Effectiveness of Offshore Debt Restructuring, Marking a Key Step Toward Steady Development

HONG KONG, Sep 2, 2025 - (ACN Newswire via SeaPRwire.com) - On August 29, Yuzhou Group Holdings Company Limited (01628.HK) announced that its offshore debt management and restructuring efforts, which spanned over three years, have yielded decisive results. The offshore restructuring has officially taken effect, marking a key step in improving the Company’s liquidity and optimizing its financial structure, laying a solid foundation for future robust operations.Optimize Capital Structure, Enhance Financial Stability and Achieve Sustainable DevelopmentAfter multiple rounds of negotiations, the final arrangement encompassed 15 senior notes, one perpetual bond, four secured notes, one syndicated loan, and one bilateral loan. As consideration for the restructuring, Yuzhou Group issued new bonds with an optimized structure, including short-term, medium-term, and long-term bonds. This arrangement significantly reduced financing costs, lowered the Group’s outstanding offshore debt, alleviated financial pressure, optimized its capital structure, and enhanced financial soundness and sustainability.Gain Support from Shareholders and the Market, Consolidate the Interests of all Parties, and Work Together to Move ForwardAs a key component of the plan, certain creditors will receive 5,645 million newly issued shares, representing approximately 37.94% of Yuzhou Group’s issued shares after the restructuring. This further solidified the shared interests of creditors and the Company. In addition, Yuzhou Group raised nearly HK$100 million through a rights issue to cover restructuring-related expenses and replenish working capital. The arrangement not only set a market precedent but also garnered a positive response from minority shareholders, reflecting strong recognition and confidence from shareholders and the market in both the rationale of the plan and the Group’s future development prospects.The core objective of this restructuring plan was to adjust the scale of Yuzhou Group’s offshore debt to a reasonable level, restore the soundness and sustainability of the capital structure, and ensure the continued operation and healthy development of the business. At the same time, the plan aims to ease liquidity pressure, align the new repayment schedule with the operating environment of China’s real estate industry and the Group, and ensure the fair treatment and protection of all stakeholders’ rights, striving to maximize overall value.Respond to Policy Calls, Fulfill Social Responsibilities, and Consolidate Corporate ValueFollowing the completion of the restructuring, Yuzhou Group will continue to respond to policy initiatives, fulfill its commitment to “guaranteeing housing delivery”, strengthen cash flow management, enhance internal revenue generation capabilities, and ensure stable business operations. Structural deleveraging measures are expected to help the Group achieve a long-term sustainable capital structure and reduce overall operational risks. The Company will steadily enhance its operating capacity and remain focused on creating value for all stakeholders.Industry observers note that the completion of the restructuring not only relieves near-term financial pressure but also represents an important step for Yuzhou Group in pursuing long-term stability and growth amid the ongoing adjustment of China’s real estate sector. Copyright 2025 ACN Newswire via SeaPRwire.com.

EdgePoint Launches Two More Digital Classrooms in East Malaysia under Its Connectivity for Communities Program

First in Sabah and second in Sarawak, totaling to 14 digital classrooms across ASEANSimunjan - SARAWAK, Sept 2, 2025 - (ACN Newswire via SeaPRwire.com) - EdgePoint Infrastructure (“EdgePoint”), an ASEAN-based independent telecommunications infrastructure company, has announced two additional digital classrooms in East Malaysia under its regional corporate social responsibility (CSR) Connectivity for Communities (CFC). The first digital classroom is in Sekolah Kebangsaan (SK) Kuala Abai in Kota Belud, Sabah and the second was launched by their local partners in Sarawak, Demanlink Connexion Sdn Bhd, in Sekolah Menengah Kebangsaan (SMK) Simunjan No. 1.Both initiatives share the objective of bringing connectivity to underserved areas, fostering digital inclusivity and bridging the digital gap, and brings the total number of digital classrooms established to four in Malaysia and fourteen across ASEAN.At the launch of the digital classroom in Kota Belud, Muniff Kamaruddin, Chief Executive Officer (CEO) of EdgePoint Towers, said, “The launch of the two new digital classrooms in Sabah and Sarawak is an extension of our focus to bridge the digital divide across underserved communities in East Malaysia. We have seen how students in other locations have benefited from connectivity and we are committed to creating more opportunities for education and growth by bringing digital access to those who need it most. The response to our CFC programs has been very encouraging, with surrounding communities also using access to the internet to improve their quality of lives. We are grateful for the continued support from all stakeholders who have worked together with us to equip teachers, students, and their families with the tools to achieve equitable digital literacy towards upward social mobility.Present to launch the digital classroom in Simunjan, Sarawak were Demanlink Connexion Sdn. Bhd, and representatives from the Sarawak State Education Department and Simunjan District Education Office. Hanad Yusuf, CEO of Demanlink, said "Connectivity is more than just access to the internet for students in Sarawak, it is access to opportunity. Many rural areas in Sarawak still struggle with limited or no internet coverage, which continues to widen the digital divide and hinder access to education, economic participation, healthcare and other essential services. The Connectivity for Communities project is helping to close that gap by empowering children in rural communities here with the tools to thrive in a digital world. We launched the first digital classroom last year in Long Miri, and we have already seen real results where student attendance and exam scores have improved significantly, as they now have access to online learning platforms, more engaging teaching material and even options for self-improvement online."In the past year, EdgePoint launched two other schools in Malaysia located in Karak, Pahang and Miri, Sarawak. The CFC program includes ongoing digital literacy initiatives, delivered in partnership with local teachers and NGOs, to ensure students can maximise their learning and navigate the digital future confidently. To date, the program has impacted over 7,800 students in Malaysia, Indonesia and the Philippines with significant improvement in attendance and exam scores recorded among these students. Our in-house assessments have shown that students in Malaysia have recorded an 85% improvement in digital skills. EdgePoint aims to expand the program to a total of 23 schools by the end of 2025, reaffirming its commitment to supporting digital inclusion and literacy in underserved communities across ASEAN. ABOUT EDGEPOINT INFRASTRUCTUREEdgePoint Infrastructure is an ASEAN based independent telecommunications infrastructure company that aspires towards Building a Connected, Digital ASEAN. Headquartered in Singapore with operations in Malaysia, Indonesia and the Philippines, through EdgePoint Towers Sdn Bhd, PT Centratama Telekomunikasi Indonesia, Tbk and EdgePoints Towers Inc. respectively, the company is focused on providing sharable and leading-edge telecom structures, small cells and in-building systems. EdgePoint aims to be an industry leader through scale and innovation, driving operational efficiencies through the adoption of analytics and digital technologies. ABOUT DEMANLINK CONNEXION SDN. BHD.Demanlink is an independent Sarawakian telecommunications infrastructure company focusing on providing sharable and future-ready telecommunications solutions in Sarawak. Demanlink aims to be a key player in Sarawak’s growth journey through achieving its digital goals and ensuring digital equity throughout the state, in partnership with investor(s) such as EdgePoint Infrastructure.For more information on EdgePoint, please visit https://edgepointinfra.com/  Issued on behalf of EdgePoint Infrastructure by Narro Communications Sdn BhdFor media inquiries, please contact:Annushia BalavijendranCommunications, EdgePoint InfrastructureEmail: annushia@edgepointinfra.comTimothy GunapalanNarro CommunicationsEmail: timothy@narrocomms.com Copyright 2025 ACN Newswire via SeaPRwire.com.

Shoucheng Moves Upstream: Materials Cement Robotics Ecosystem

HONG KONG, Sep 2, 2025 - (ACN Newswire via SeaPRwire.com) - In the first half of 2025, Shoucheng Holdings reported revenue of HK$731 million, up 36% year-on-year, and attributable net profit of HK$339 million, up 30% year-on-year. Revenue from its capital recycling segment surged 69% year-on-year, highlighting the effectiveness of its “Asset Operation + Capital Recycling” dual-engine strategy.The robotics sector has become the company’s strategic core. Shoucheng has invested in leading enterprises such as Unitree Robotics, Galbot, and the Beijing Humanoid Robotics Innovation Center, covering humanoid, industrial, and medical robotics. Through its “Capital + Scenario” approach, the company is driving commercialization in areas such as NEV production line upgrades and smart charging station operations.At the interim results roadshow, Kang Yu, General Manager of the Board Office, stated: “The robotics industry has moved from technological breakthroughs to scenario-based commercialization, but large-scale mass production still requires resolving bottlenecks in upstream materials.” To address this, the company simultaneously announced the establishment of Shoucheng Robotics Advanced Materials Industrial Co., Ltd., a wholly-owned subsidiary focusing on key materials such as electronic skin, tendon cables, and lightweight PEEK. Kang emphasized that this initiative will complement investments in systems and applications, truly unlocking the “Upstream Materials — Midstream Systems — Downstream Applications” full value chain.On the financial side, Shoucheng maintains cash reserves exceeding HK$8 billion, with an interest-bearing debt ratio of just 7.9%, and has secured an AAA credit rating for three consecutive years, providing a solid financial safety buffer. For FY2025, the company plans total dividends of HK$1.159 billion, with a dividend yield of nearly 8%, alongside over 40 million shares repurchased year-to-date—demonstrating management’s strong confidence in long-term value.Strategically, the company is transitioning from a traditional infrastructure operator to a technology-driven new infrastructure platform. Parking and REITs businesses provide stable cash flow, while robotics has become its key growth engine. Downstream applications are already materializing: collaborating with IAT Automobile Technology on automated production lines; co-developing the Chengdu ICD automatic charging station with Wanxun Technology; deploying the Surgerii surgical robot at Peking University Shougang Hospital; and launching the “Shoucheng Robotics Experience Store” outside the Beijing National Speed Skating Oval (“Ice Ribbon”), which generated over RMB 30,000 in daily revenue. The company also plans to open its first “Robotics 4S Store” during the National Day holiday to bring robotics further into consumer markets.During the roadshow, Kang further highlighted that Shoucheng is the only listed company represented on Unitree Robotics’ board of directors, holding approximately 4% of the company through the Beijing Robotics Industry Development Fund. With Unitree’s IPO underway, Shoucheng’s assets are expected to undergo revaluation, further strengthening capital market expectations for its long-term growth.With the establishment of its advanced materials subsidiary, the continuous build-out of its full robotics ecosystem, and IPO progress among its portfolio companies, Shoucheng’s ecosystem synergies are rapidly unlocking, and its enterprise valuation is poised for a new round of re-rating.Posted by All Way Success Company Limited for Shoucheng Holdings www.shouchengholdings.com [HKSE:0697, FRA:SHVA, OTCPK:SHNHF] Copyright 2025 ACN Newswire via SeaPRwire.com.

Black Spade suggests greater focus on digital assets in family offices asset allocations

HONG KONG, Sep 1, 2025 - (ACN Newswire via SeaPRwire.com) - Black Spade Capital Limited (“Black Spade”) recently held a private meeting with Ark Invest.Mr. Dennis Tam, President and CEO of Black Spade, met with Ms. Catherine Wood, CEO and CIO of Ark Invest, to discuss key trends in AI, robotics, blockchain applications, energy storage, and cellular sequencing. Ms. Wood expressed optimism about AI and robotics, noting these technologies will not just displace jobs but also create new opportunities. She highlighted the potential of blockchain and space exploration, emphasizing that the world is advancing toward a more innovative and interconnected future. Mr. Tam advised family offices to focus on digital assets, AI, and robotics-focused funds, stocks, and ETFs, as these sectors are set to drive global economic growth. He explained that industries integrating these innovations will see significant productivity gains, boosting competitiveness in a fast-paced market. He encouraged family offices to adjust their asset allocations based on risk tolerance and invest in these emerging fields to support development and pursue higher returns. Ms. Wood predicted strong growth in cryptocurrencies, forecasting Bitcoin could reach USD 1.5 million and Ethereum USD 166,000 around 2030. She expressed confidence in the long-term potential of digital assets. Mr. Tam added that digital assets are becoming a mainstream asset class, with growing adoption by banks and government institutions creating strong momentum. In summary, Black Spade Capital urges family offices to act swiftly by investing in funds, stocks, and ETFs linked to AI, robotics, and digital assets. These sectors will drive economic and technological development, improve efficiency in traditional industries, and offer significant returns, positioning investors at the forefront of the next technological revolution.Photo caption:From the left: Mr. Dennis Tam, President and CEO of Black Spade and Ms. Catherine Wood, CEO and CIO of Ark InvestAbout Black Spade Capital LimitedBlack Spade Capital Limited is an established family office that manages the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade’s investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments. In August 2023, Black Spade Acquisition Co, a blank check company (SPAC) sponsored by Black Spade, completed a US$23 billion business combination with VinFast Auto Ltd. In 2024, Black Spade listed its second SPAC, Black Spade Acquisition II Co, which completed a business combination with global media and entertainment powerhouse The Generation Essentials Group in about 9 months in June 2025.Media Enquiries:Strategic Financial Relations Limited     Vicky LeeTel: +852 2864 4834Email: vicky.lee@sprg.com.hkIris Au YeungTel: +852 2114 4913Email: iris.auyeung@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.

Haitian Flavouring Interim Results Shine: All-encompassing Culinary Solutions Drive Sustainable Growth

HONG KONG, Sep 2, 2025 - (ACN Newswire via SeaPRwire.com) - Foshan Haitian Flavouring and Food Company Ltd., (3288.HK, 603288.SH) a leading player in the condiment industry, has consistently deepened its expertise in the sector while continuously exploring all-encompassing culinary solutions. The company delivered solid interim results with both revenue and profit showing growth, further consolidating its leading position in the market.Highlights:- Revenue reached RMB15.23 billion in the first half of the year, up 7.6% year-on-year- Net profit reached RMB3.91 billion, up 13.3% year-on-year- The exploration of all-encompassing culinary solutions injected strong momentum for future growthDespite a sluggish consumer market and ongoing pressure on retail in mainland China in recent years, coupled with intensified competition and evolving consumer demands in the condiment industry, Foshan Haitian Flavouring and Food Company Ltd. (3288.HK, 603288.SH), a leading Chinese condiment producer listed in Hong Kong this year, has delivered a robust set of interim results. The company reported an increase of 7.6% in revenue to RMB15.23 billion, while net profit attributable to owners of the listed company rose 13.3% to RMB3.91 billion, demonstrating its resilience and steady growth. Supported by the strong operating performance, the company has declared an interim dividend of RMB2.6 per 10 shares held to reward its shareholders.Specifically, all four of Haitian Flavouring’s core business segments reported growth: Revenue from soy sauce products increased by 9.1% year-on-year to RMB7.93 billion; revenue from oyster sauce products reached RMB2.5 billion, up 7.7% year-on-year; revenue from seasoning sauce products rose 12% year-on-year to RMB1.63 billion; revenue from specialty condiments and other products recorded a significant increase of 16.7% to RMB2.51 billion. Haitian’s strong performance amid market headwinds can be attributed to its multi-dimensional competitive strengths and the strengthening of its brand moat.A Century of Accumulation Builds a Robust Brand MoatHaitian Favouring is a century-old Chinese condiment brand with origins tracing back to ancient soy sauce factories in Foshan during the Wanli period of the Ming Dynasty — a history spanning over 400 years. The company established the Haitian Seasoning Factory in 1955, listed on the Shanghai Stock Exchange in 2014, and expanded to the Hong Kong Stock Exchange in 2025, embarking on a new chapter with dual capital platforms in both A-share and H-share markets.After years of development, Haitian has solidified its leading position in the mainland condiment market. It has been the largest condiment company in China for 28 consecutive years in terms of sales volume. The soy sauce and oyster sauce products consistently hold the number one positions, while flavored sauce, vinegar, and cooking wine products achieved leading market positions in China. The brand is deeply rooted in the hearts of consumers and has become a household name in China. This long-term accumulation has built a robust brand moat for the company.Of course, Haitian’s sustained industry leadership is closely tied to its continuous investment in technology, ensuring consistently high product quality. In 2024, the company invested RMB840 million in R&D, with a cumulative investment of over RMB5,900 million in the past decade. Haitian now holds more than 1,000 authorized patents. Earlier this year, it was recognized as a “Lighthouse Factory” by the World Economic Forum (WEF) for five globally leading intelligent brewing technologies, becoming the world’s first soy sauce brewing manufacturer to receive this designation. These achievements not only guarantee the quality and safety of Haitian’s products but also enhance their market competitiveness, providing solid technical support for the company’s ongoing exploration of all-encompassing culinary solutions.Proactively Developing New Flavors and Advancing All-encompassing Culinary Solutions to Cater to Consumption UpgradingWhile consolidating its core product categories, Haitian has adhered to its strategic positioning of "all-encompassing culinary solutions", accurately capturing domestic market opportunities and actively developing specialty condiments. The company has launched products such as salad dressing, spicy liquid seasoning, chicken essence and chicken broth, etc., aiming to provide comprehensive product offerings for all kitchen and dining table seasoning needs. This effort continues to enhance its influence in the seasoning segment, diversify revenue streams, and drive sustainable growth.In terms of vinegar products, Haitian has innovatively developed rice vinegar categories such as white rice vinegar, black rice vinegar and fresh rice vinegar, as well as specialty vinegars such as apple cider vinegar and glutinous rice sweet vinegar, and actively laid out in niche segments like organic vinegar. In terms of cooking wine products, Haitian has introduced products like Haday Old Technique Cooking Wine, Haday Old Technique Cooking Wine with Ginger and Scallion, etc., forming a multi-tiered portfolio that includes the basic series, the organic series and the time-honored series to enrich consumer choice.In response to consumer demand for green, healthy, and diverse multi-scenario options, Haitian has actively developed specialty condiments. In the first half of 2025, the company launched products aligned with health and nutrition trends, such as organic, light-salt, and gluten-free series. It also introduced "dishes with just one sauce (一æ±'æˆ'è'œ)" product lines including salad dressings, seafood dipping sauces, and sour and spicy salad dressing, continually meeting consumers’ pursuit of convenience while enhancing its influence in the seasoning segment.Building a Premium Supply Chain System to Reinforce Competitive MoatBuilding on its scale advantages, Haitian has continuously strengthened its supply chain management, focusing on “quality, efficiency, and cost” to build a premium supply chain system that further consolidates its industry leadership.In supply chain operations, Haitian adheres to the philosophy of “good ingredients produce good products” by strictly controlling raw material quality. Leveraging digital tools to drive the digital transformation of its supply chain, optimize resource allocation, and enhance flexible production capabilities. Its Gaoming Factory has become an industry benchmark, recognized for its advanced intelligent manufacturing and highly efficient operational model. By integrating intelligent technologies and operational excellence, Haitian ensures consistent product quality while achieving efficiency and cost advantages, enabling it to provide users with high-quality and cost-effective products.Furthermore, Haitian actively promotes green development across the entire industry chain. In July of this year, as a core “chain leader” enterprise, the company initiated the industry’s first all-chain carbon reduction alliance— advancing the establishment of a green supply chain ecosystem and leading the low-carbon transition in the condiment industry.Current Price Offers Value OpportunityIn summary, Haitian has a solid operational foundation and remains committed to strengthening its core businesses. Its premium supply chain system further amplifies economies of scale, creating competitive barriers in both quality and efficiency, thereby enhancing overall competitiveness.At the same time, guided by a user-centric philosophy, the company continues to enrich its product portfolio and develop all-encompassing culinary solutions, opening up new growth opportunities. Furthermore, its listing in Hong Kong will help advance its global expansion strategy. As an industry leader with revenue and profitability far exceeding industry averages, Haitian still possesses room for valuation expansion. With the gradual realization of the advantages brought by its dual capital platform structure (“A + H”), the company’s future growth potential remains promising. Copyright 2025 ACN Newswire via SeaPRwire.com.

Frost & Sullivan Hosts the 19th Global Growth, Innovation and Leadership Summit in Shanghai

SHANGHAI, Sep 1, 2025 - (ACN Newswire via SeaPRwire.com) - 28th August, The 2025 19th Frost & Sullivan Global Growth, Innovation and Leadership Summit and the 4th New Investment Event, hosted by Frost & Sullivan and co-organized by LeadLeo, was successfully held at the Jing'an Shangri-La Hotel in Shanghai from August 27 to 28, 2025. With the theme of "Intelligence Initiates a New Journey·Jointly Shaping Global Growth Engines", the Summit consists of an opening ceremony, eight parallel forums and a series of thematic activities, gathering over 200 heavyweight guests from home and abroad, more than 100 speeches/roundtable discussions, and attracting over 4,000 professional attendees.Frost & Sullivan has a history of nearly 30 years hosting Growth, Innovation and Leadership Summits worldwide, and this marks the 19th consecutive year of hosting the Summit in China. The 2025 Frost & Sullivan 19th GIL Summit featured in-depth discussions on hot topics such as AI and digital economy, new investments in life sciences, new consumption trends, ESG and new quality productive forces, high-quality development of listed companies, intelligent manufacturing going global and the global development of Chinese enterprises, jointly exploring new growth drivers, new markets and new tracks for China's economy in the new era. Focusing on cutting-edge industrial trends and capital movements, the Summit covers areas including macroeconomics, technological innovation, healthcare, energy storage, artificial intelligence and ESG practices, and released nearly 20 significant research findings on-site.Mr. David Frigstad, Global Chairman of Frost & Sullivan, highlighted the importance of the “Transformational Growth Journey,” which Frost & Sullivan defines as a seven-stage process to help companies navigate disruption and achieve sustainable success. He explained that the journey begins with understanding industry ecosystems across nine value chains, then leveraging data through the Growth Generator to enable rapid decision-making. Mr. David Frigstad emphasized that CEOs must view the world through a lens of prioritized growth opportunities and benchmark their organizations against global best practices. He also pointed to the Frost Radar as a tool for measuring future growth potential, built on both execution and innovation. Finally, Mr. David Frigstad underlined the role of community and collaboration, noting that true transformation requires openness to partnerships, new ideas, and global perspectives.Mr. Aroop Zutshi, Global President and Managing Partner of Frost & Sullivan, centered his speech on "Empowering Enterprises' Transformational Growth Journey", delivering an in-depth sharing focusing on global economic changes and corporate development, illuminating the growth path for enterprises seeking breakthroughs. He pointed out that the global economy is currently experiencing an unprecedented wave of change, and most enterprises are trapped in transformation dilemmas. The root causes lie in the difficulty in responding to change, missing hidden strategic opportunities and lacking a clear transformation framework. Only by taking proactive actions and focusing on strategic priorities can enterprises gain a firm foothold in the market reshuffle. To address the transformation challenges of enterprises, Mr. Aroop Zutshi proposed the "Top 5 Strategic Imperatives", including: 1. Transformation; 2. Ecosystem; 3. Growth Generator; 4. Growth Opportunities; 5. Frost Radar, Best Practices and Companies to Action, forming a systematic solution to support enterprises' transformational growth.Mr. Aroop Zutshi also detailed the six phases of Frost & Sullivan's "Growth Pipeline Engine", from growth audit and opportunity screening to strategy implementation and dynamic optimization, forming a interlocking systematic growth process to ensure that corporate growth is implementable and sustainable. Facing the Intelligence Revolution that began in 2023, he emphasized that this round of revolution is different from the Agricultural Revolution and the Industrial Revolution. By leveraging intelligent AI architectures, enterprises can deeply integrate deep web data, internal enterprise data and real-time public information. Only by equipping themselves with adaptive systems can enterprises seize technological dividends and occupy competitive high grounds. This sharing not only pointed out a way for enterprises to break through from "survival" to "development", but also conveyed clear growth value: by unifying team goals, stimulating innovation vitality and transforming strategies into practical actions, enterprises can not only avoid the risks of change, but also enhance their future growth potential, achieve sustainable high-quality development in the era of the Intelligence Revolution, and inject strong momentum into industrial transformation.Dr. Neil Wang, Global Partner and Greater China Chairman of Frost & Sullivan, stated that the theme of the Frost & Sullivan Summit has always centered on growth, innovation and leadership, adding value to enterprises, empowering industries and contributing to the national socio-economic development. He pointed out that the long-term, sustained and steady growth of China's economy is one of the greatest positives for the world. Frost & Sullivan not only studies the current growth of China's economy, but also focuses on predicting the future. At this Summit, Frost & Sullivan once again updated and released the White Paper on China's Industrial Development Trends in the Next 50 Years (4th Edition), hoping to help enterprises better grasp market opportunities and cope with challenges. According to his introduction, since entering China nearly 30 years ago, Frost & Sullivan has not only served a large number of innovative technology enterprises, but also actively engaged in technological innovation, such as proposing the concept of "AI + HI" (Artificial Intelligence + Human Intelligence) to empower the transformation and upgrading of traditional industries. Dr. Neil Wang believes that the core competitiveness of an enterprise lies in the leadership of entrepreneurs. The mission of Frost & Sullivan China is to convey China's growth, innovation, and leadership to the world, enabling the world to more clearly understand China's value and helping China accelerate its embrace of global opportunities.About Frost & SullivanFrost & Sullivan, the Transformational Growth company, enables clients to accelerate their growth and achieve best-in-class positions in growth, innovation, and leadership. The company’s Growth Pipeline as a Service provides the CEO’s Growth Team with transformational strategies and best-practice models to drive the generation, evaluation, and implementation of powerful growth opportunities. Let us be your growth coach on this transformational journey, as we actively support you in fostering collaborative initiatives within your industry’s ecosystem.About Frost & Sullivan GIL SummitThe Growth, Innovation and Leadership Summit founded by Frost & Sullivan has a history of nearly 30 years and is held in more than 20 countries and regions around the world. It has attracted in-depth participation from a large number of Global 1000 companies, top domestic and foreign financial institutions and other leading enterprises, helping them identify opportunities, continuously innovate, accelerate growth and gain a leading position in an increasingly complex and changing world. Since its launch in China in 2008, the Frost & Sullivan GIL Summit has been held for the 19th time. It has become an important platform for outstanding domestic enterprises, the investment community and regulatory authorities to exchange successful experiences and jointly explore development directions, as well as a key window for the world to understand China's cutting-edge development trends.Media ContactFrost & SullivanShanghai, ChinaRachel ZhangE: rachel.zhang@frostchina.comT: +86 021-3209-6800W: http://www.frostchina.com/ Copyright 2025 ACN Newswire via SeaPRwire.com.

CITIC Limited reports solid H1 2025 results with higher dividend

HONG KONG, Aug 29, 2025 - (ACN Newswire via SeaPRwire.com) - CITIC Limited (stock code 00267.HK) published its 2025 interim results, achieving revenue of 368.8 billion yuan ($51.72 billion), net profit of 59.8 billion yuan, and profit attributable to ordinary shareholders of 31.2 billion yuan. The Board recommends an interim dividend of 0.2 yuan per share, up 5.3 percent year-on-year, with a total dividend payout of 5.818 billion yuan.In recent years, CITIC Limited has attached great importance to investor returns, steadily increasing its dividend payout ratio year by year. According to its shareholder-return plan, the dividend payout ratio shall be no less than 27% in 2024, no less than 28% in 2025, and striving for no less than 30% in 2026. The dividend rate for 2024 reached 27.5% exceeding the target. This year's interim dividend again beat expectations, demonstrating the company's commitment and confidence in stable development.The company stated that it has implemented a market capitalisation management mechanism oriented toward value creation and shareholder returns across its listed subsidiaries to enhance capital efficiency and operational quality; the market capitalisations of multiple subsidiaries increased in the first half of 2025, providing positive support for the parent company's valuation.Financial segment: In H1, CITIC Limited launched a finance for tech special initiative, integrating the ''equity-loan-bond-insurance'' full-chain capabilities, serving over 14,100 enterprises recognised in the first six batches of national-level specialised and sophisticated enterprises and the first eight batches of single-product champion in manufacturing, covering more than 92 percent of such companies. In addition, the company continued to optimise its business structure and focused on key areas to achieve profit growth across the board: banking net profit growth continued improving, and approval was obtained to establish an asset investment company (AIC); securities business revenue and profit both achieved substantial year-on-year growth, with domestic equity and bond underwriting market shares continuing to lead the industry; reforms and transformation in trust, insurance and other businesses accelerated, further expanding advantages in segmented areas.Industrial segment: CITIC Limited focused on priority businesses such as integrated die-casting, specialised robots, and biological breeding. It accelerated industrial upgrading and strove to build specialised technologies and flagship projects. CITIC Dicastal's aluminum wheels and castings sales reached record highs, and its ranking among the world's top 100 automotive parts companies rose to 42. CITIC Metal's copper and niobium product sales achieved double-digit growth, driving a surge in operating net profit. Synergies between CITIC Pacific Special Steel Group Co Ltd and Nanjing Iron and Steel Co Ltd became evident, with higher gross profit per ton of steel, and their combined total profit remained an industry leader. In agriculture, Longping High-Tech completed a share placement, further accelerating its progress toward becoming a global seed-industry leader. In emerging industries, the company actively invested in digital technology, low-altitude economy, and artificial intelligence, and promoted the implementation of multiple key projects.Risk management: Overall risk indicators continued to improve, and via the ''finance + industry'' synergy mechanism, the company advanced risk resolution. In H1, the newly restructured and revitalised projects totalled 9.8 billion yuan, strengthening the ''identification – isolation – funding support – asset revitalisation” full-chain capabilities. Notably, a breakthrough was achieved in resolving land access issues at Sino Iron project, with the 2023 Mine Continuation Proposals receiving approval from the State of Western Australia, marking an important step for the project’s continued operation.CITIC Limited stated that the company will continue to maintain strategic focus, deepen the dual-engine advantage of finance and industry, further expand its internationalisation and industry-finance synergies, and enhance profitability and risk-management capabilities. The company will continue creating long-term, stable, and sustainable investment returns for shareholders. Copyright 2025 ACN Newswire via SeaPRwire.com.

AI-Powered Foundation, Innovation-Driven Empowerment, Legend Holdings Reports RMB699 Million in Net Profit Attributable to Parent for 2025H1

HONG KONG, Aug 29, 2025 - (ACN Newswire via SeaPRwire.com) - Legend Holdings Corporation (“Legend Holdings” or the “Company”; Stock Code: 3396.HK) today announced its unaudited condensed consolidated interim results for the six months ended June 30, 2025 (the “Reporting Period”). In the first half of 2025, Legend Holdings adhered to its principle of high-quality development driven by scientific and technological innovation and prioritized steady growth while pursuing strategic progress, further strengthening its industrial foundation; and the Company expanded its investments in scientific and technological innovation. By actively cultivating emerging and future industries, Legend Holdings accelerated its efforts to develop new quality productive forces and reinforce its core competitiveness. During the Reporting Period, Legend Holdings posted revenue of RMB281,589 million, representing a 21% year-on-year increase. The net profit increased by 49% year-on-year to RMB4,176 million, and the net profit attributable to equity holders of Legend Holdings was RMB699 million, representing a 144% year-on-year increase. The profit expansion was primarily driven by the enhanced profitability of key enterprises within the diversified-industries operation segment, coupled with narrowed year-on-year losses from the investment businesses of the industrial incubations and investments segment.Strengthening R&D and Deepening Strategic DeploymentAdhering to the principle of driving industrial innovation through sci-tech innovation, Legend Holdings accelerated its efforts to consolidate its traditional industries while proactively exploring into new frontiers. The Company has strategically deployed resources in cutting-edge fields including artificial intelligence, advanced materials, new energy, and biopharmaceuticals, fostering emerging industries with international competitiveness. During the Reporting Period, Legend Holdings further increased its investment in technological development and innovation, with R&D expenditure rising 16% year-on-year to a record half-year high of RMB8,513 million. Subsidiary Lenovo Group successfully capitalized on the surge in hybrid AI. With its forward-looking strategy and disciplined execution, Lenovo has driven coordinated progress across all business segments by leveraging innovation. Levima Advanced Materials maintained sustained momentum in R&D innovation, with 22 new patents granted during the Reporting Period. Key functional materials for new batteries, such as solid-state electrolyte dispersants and silicon-carbon anode binders, completed downstream customer trials and validation. Several new polyolefin catalysts were developed as well and 15 additional products were finalized. The pilot-scale testing for PEEK (Polyetheretherketone) products was also completed, reflecting broad development prospects in high-end and emerging sectors such as healthcare, semiconductors, and humanoid robotics. In strategic emerging and future industries, Legend Holdings Family Group actively supported China’s self-reliance and strength in science and technology, investing in more than 50 technology projects in the first half of the year. The Company facilitated the public listing of 5 enterprises, with more than 10 additional enterprises in the IPO pipeline. In the pharmaceutical and healthcare and embodied intelligence sectors, which continue to attract strong market interest, Legend Holdings Familiy Group has invested in more than 110 and 40 enterprises respectively, maintaining industry-leading positions in both domains.AI-Powered Foundation, Industry-Research SynergyThrough multi-layered and systematic technological innovations, Legend Holdings continues to actively advance AI empowerment across industries. Centered on the “AI Plus” initiative, it has representative cases in the integration of AI with six key areas: technology, industry, consumption, livelihoods, governance and global cooperation. During the Reporting Period, Lenovo launched its proprietary Super AI Agent matrix, with flagship technology products achieving global leadership. AI PC accounted for more than 30% of Lenovo’s total PC shipments, ranking No.1 worldwide in the Windows AI PC category with a 31% market share. AI servers continued to rank among world leaders with sales tripling year-on-year. The Tianxi Ecosystem for AI terminals, the Wanquan Ecosystem for AI infrastructure, and the Optimus Ecosystem for AI solutions and services have established in-depth collaborations with over 2,000 partners, accelerating the penetration of innovative AI technologies, products, and applications. Legend Holdings subsidiaries, including Levima Advanced Materials, Fullhan Microelectronics, and Lakala, also made efforts to promote the implementation of AI with industry best practices. Fullhan Microelectronics, for instance, made progress upgrading its technologies and iterating upon its products. The company launched ultra-high-pixel array products, low-light full-color cameras based on AI-ISP algorithms, etc. Meanwhile, the Company is committed to building an AI-plus ecosystem. With investments in accumulatively over 270 AI companies, Legend Holdings stands as one of the investment institutions with the most comprehensive system, the largest number of invested companies, and the longest track record in the field, continuously contributing to the sustainable development of China’s AI ecosystem.Advancing Green Transformation for Enhanced Quality and Efficiency“Ecological preservation and sustainable development” remains a core philosophy consistently upheld by Legend Holdings and thoroughly integrated into its business operations. Lenovo once again received the highest AAA rating in the MSCI ESG Ratings; its ESG solution “Lenovo ESG Navigator” helps customers monitor key ESG metrics of their factories; additionally, the Lenovo (Tianjin) Smart Innovation Service Industrial Park was awarded the “Eco-level Carbon Neutral Factory” certification by CESI Certification. Levima Advanced Materials’s newly launched green industry projects such as ultra-high molecular weight polyethylene lithium-ion battery separator materials, lithium-ion carbonate battery solvents, and PLA entered the production ramp-up phase. Additionally, the EVA, POE photovoltaic adhesive film materials and PPC projects are scheduled to be completed and put into operation in 2025. ZQi Solar’s N-type high-efficiency solar cell project continues to advance in technological improvements and process optimization. TOPCon’s conversion efficiency in mass production has increased to 27.10%, with a yield rate consistently above 97.5%, placing the company among the industry’s first tier.Going forward, Legend Holdings will further intensify its efforts in driving high-quality development through scientific and technological innovation, forging industrial resilience and optimizing resource allocation. The Company will actively promote the deep integration of AI scientific and technological innovation with industrial innovation and build an enterprise-led synergistic innovation ecosystem of Industry-University-Research-User. With an unwavering commitment to cultivating strategic emerging and future industries, Legend Holdings will continue to contribute significantly to China’s modernization and self-reliance and strength in science and technology. Copyright 2025 ACN Newswire via SeaPRwire.com.

Analogue 2025 Interim Results Net Profit Reaches HK$80.8 Million

HONG KONG, Aug 29, 2025 - (ACN Newswire via SeaPRwire.com) - Analogue Holdings Limited (“Analogue” or the “Company”, together with its subsidiaries, the “Group”) (stock code: 1977), a leading provider of electrical and mechanical (“E&M”) engineering solutions, and information and communications technology services for smart cities, today announced its interim results for the six months ended 30 June 2025 (the “Period”) with contracts-in-hand achieving a record high of HK$13,085.0 million, providing a solid business foundation for the coming two years and beyond.Business Highlights- Revenue was HK$2,874.2 million with profit attributable to the owners of the Company at HK$80.8 million.- The total order intake increased by 39.8% year-on-year to HK$4,906.5 million. Within this, the intake of new maintenance contracts for infrastructure, housing programmes, and lifts and escalators increased 143.0% in the Period to HK$862.5 million, contributing to the recurrent revenue stream.- Overseas expansion was continually built on. The Group set up a new company in Germany for capturing opportunities in Europe and Central Asia, and our associate TEI opened a second branch in the southern part of the US.- Interim dividend amounted to HK2.60 cents per share.Chairman Dr Mak Kin Wah said, “We are pleased to report a record high in contracts‑in‑hand in the first half of 2025. Since early years, we have been engaging in research and development on our own and in collaboration with leading universities and international technology partners, which gives us the early-mover advantage in putting the fast-developing innovative technologies to effective use in the engineering industry. Leveraging continuous advancements in construction techniques and innovative technologies, and comprehensive engineering capabilities, we have won the recognition and support of customers in diverse sectors, including public and private housing, commercial and industrial development projects, environmental engineering, data centres, universities, as well as lifts and escalators.”“Our strong cash position (with HK$1,140.1 million and gearing ratio of 19.5%) positions us for taking on additional work as appropriate, and valuable opportunities arising in the market. We aim to stay agile in pursuit of opportunities across our wide base of business in Hong Kong, Macau and Mainland China. Additionally, with the presence we have already established in the UK, the US and other international markets, we are pursuing project and technical services opportunities in Europe, Asia, and the Middle East. We will tirelessly put into action our motto of ‘We Commit. We Perform. We Deliver.’, to maximise value for shareholders, suppliers and other stakeholders, while contributing to the wider communities we serve.”Business Review: Building Services- This segment remains as the largest revenue contributor, with revenue recorded at HK$1,565 million.- Competitive edge in multidisciplinary packaged projects and industry leadership in innovative MiMEP and other new engineering techniques were instrumental in securing major contracts. Contracts-in-hand were at a high level of HK$6,934 million.- With strategic investments to accelerate innovation and modern manufacturing facilities in Zhuhai and Hong Kong, the Group continues to lead in MiMEP and DfMA technologies.- Obtained the property management licence, which allows the Group to offer integrated solutions throughout the building lifecycle, from construction through maintenance and operations to long-term facility management, and to create a potential revenue stream that complements core services.Environmental Engineering- The revenue increased by 15.5% year-on-year to HK$717 million.- This segment secured the order intake of HK$966 million in 1H2025, including the award of a four-year water supply maintenance contract in the News Territories East region.- Maintained active tendering activities throughout 1H2025 with the award of many of the submitted tenders due for finalisation in phases later in the year.- In addition to the project opportunities in Asia and the Middle East, the segment is exploring opportunities to extend its expert services to European projects through a newly-established company in Germany.Information, Communications and Building Technologies (“ICBT”)- The revenue increased by 2.7% year-on-year to HK$303 million.- This segment continued to sustain its leadership in green and intelligent building solutions under the DigiFusion brand.- Continued to expand its technological reach through strategic collaborations with leading manufacturers in Mainland China and around the world, reinforcing its commitment to innovation and our ability to deliver scalable, high-performance solutions in diverse sectors.Lifts and Escalators- Order intake and revenue grew significantly by 26.8% to HK$341 million and by 20.9% to HK$289 million respectively.- The associate in the US secured the contract for the world-class vertical transportation system in the iconic 56-storey luxury hotel skyscraper on the border of Times Square in New York.- Machine-Room-Less lift products have gained significant traction in key international markets, including the US and South Korea, by virtue of their space-saving design, energy efficiency, simplified installation and low maintenance requirements.For further details of the 2025 Interim Results, please refer to the announcement filed with The Stock Exchange of Hong Kong Limited.About Analogue Holdings LimitedEstablished in 1977, Analogue Holdings Limited is a leading provider of electrical and mechanical (“E&M”) engineering solutions and information and communications technology (“ICT”) services for smart cities, with headquarters in Hong Kong and operations in Macau, Mainland China, the United States and the United Kingdom. Serving a wide spectrum of customers from public and private sectors, the Group provides multi-disciplinary and comprehensive E&M engineering and technology services in four major segments, including Building Services, Environmental Engineering, Information, Communications and Building Technologies (“ICBT”) and Lifts & Escalators.The Group also manufactures and sells lifts and escalators internationally and has entered into an alliance with Transel Elevator & Electric Inc. (“TEI”), one of the largest independent lifts and escalators companies in New York, the United States. The Group’s associate partner, Nanjing Canatal Data-Centre Environmental Tech Co., Ltd (603912.SS), specialises in manufacturing of precision Copyright 2025 ACN Newswire via SeaPRwire.com.

Black Spade calls for family offices to increase their focus on digital assets and emerging industries

HONG KONG, Aug 29, 2025 - (ACN Newswire via SeaPRwire.com) - Black Spade Capital Limited (“Black Spade”) recommends that family offices place stronger emphasis on mainstream digital assets, artificial intelligence (AI), and robotics-related funds, stocks or ETFs, as these three sectors are poised to become the core drivers of future economic growth. With the deepening of digitalization and intelligent technologies, traditional industries that integrate these emerging innovations can not only significantly boost productivity but also greatly enhance operational efficiency —helping businesses maintain a competitive edge in an increasingly fierce market.Recently, Mr. Dennis Tam, President and CEO of Black Spade attended a private meeting with renowned investor Ms. Catherine Wood, CEO and CIO of Ark Invest to explore cutting-edge trends within her investment portfolio. Ms. Wood has made forward-looking investments in areas such as AI, robotics, blockchain applications, energy storage, and cellular sequencing. Companies in these sectors are seen as having tremendous growth potential and represent key opportunities within the wave of technological advancement. Funds under her management are widely regarded as crucial investment portfolio for capturing the upside that innovation brings.Mr. Tam remarked that family offices should adjust their asset allocations based on their own risk tolerance level and make room for stocks or ETFs in these emerging industries which not only support their development but also to pursue higher returns. Ms. Wood also forecasted that by around 2030, the value of Bitcoin could reach USD1.5 million while Ethereum might rise to USD166,000 — reflecting her strong confidence in the future growth of cryptocurrencies. Mr. Tam believes that digital assets will gradually become a widely accepted new asset class and enter mainstream financial markets. Currently, although only less than 5% of investors have deep knowledge of this field, an increasing number of banks and government investment institutions are actively embracing the trend, creating strong market momentum.In summary, Black Spade Capital believes that family offices should act fast under the backdrop of changing times and proactively invest in funds, stocks and ETFs related to mainstream digital assets, AI, and robotics. In addition to driving future economic and technological development, these three sectors will also serve as key pillars for enhancing efficiency and competitiveness in traditional industries. Through scientific and rational asset allocation, family offices can not only improve investment returns but also participate in the next wave of the technological revolution.Photo caption: From the left: Mr. Dennis Tam, President and CEO of Black Spade and Ms. Catherine Wood, CEO and CIO of Ark InvestAbout Black Spade Capital Limited Black Spade Capital Limited is an established family office that manages the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade’s investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments. In August 2023, Black Spade Acquisition Co, a blank check company (SPAC) sponsored by Black Spade, completed a US$23 billion business combination with VinFast Auto Ltd. In 2024, Black Spade listed its second SPAC, Black Spade Acquisition II Co, which completed a business combination with global media and entertainment powerhouse The Generation Essentials Group in about 9 months in June 2025.Media Enquiries:Strategic Financial Relations LimitedVicky LeeTel: +852 2864 4834Email: vicky.lee@sprg.com.hk Iris Au YeungTel: +852 2114 4913Email: iris.auyeung@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.

Gome Retail’s H1 2025 Significant Performance Improvement, Debt Resolution Breakthrough, and Accelerated Strategic Transformation

HONG KONG, Aug 29, 2025 - (ACN Newswire via SeaPRwire.com) - Gome Retail Holdings Limited (Stock code: 493.HK, "Gome Retail" or the "Company", together with its subsidiaries, “the Group”) announced its unaudited six-month results for the six months ended June 30, 2025 (the "Reporting Period").Focusing on the main industry to consolidate the border, breakthrough in debt resolutionIn the first half of 2025, the external environment was complex and severe. Structural contradictions persisted in China, while the industry where the Group belongs showed some signs of recovery, they were still in the bottomingout phase. However, since the fourth quarter of last year, national policies have become more proactive, with the introduction of a number of important stimulus policies. The effects of these policies were further realised in the first half of 2025. Benefiting from these policy initiatives, the Group’s revenue, profit, and other indicators improved significantly during the Reporting Period. During the Reporting Period, the Group recorded sales revenue of RMB297 million, a year-on-year increased by 75.74%; Gross profit was RMB20 million, a year-on-year increased by 11.11%; and loss attributable to owners of the parent during the Reporting Period was RMB1,346 million, a year-on-year decreased by 69.63%.In the first half of 2025, China’s economic growth met expectations. Policy initiatives continued to strengthen, with stimulus measures such as trade-ins and equipment upgrades continuing and expanding in the consumer sector. This has led to a rebound in the growth of durable goods consumption, including home appliances, and initial signs of a bottoming-out recovery in the industry. The Group accelerated its efforts in transformation projects and emerging businesses, including franchise model innovation and car experience centers, achieving progress in each area during the Reporting Period. Debt disposal efforts progressed in an orderly manner during the Reporting Period, the Group actively negotiated debt solutions with various creditors, including financial institutions, suppliers, and convertible bondholders. The Group gradually reduced its debt burden through debt-to-equity swaps, franchise expansion, discussions with banks on debt disposal solutions, and the disposal and sale of non-core assets,and achieved significant progress during the Reporting Period, laying a solid foundation for continued operations.Continuing to promote the asset-light model, the strategic results are gradually showing Gome Retail adheres to a strategy of "asset-light, operations-focused, strong control, and replicability," focusing on sales, revenue, and positive cash flow. Leveraging its supply chain advantages, it optimizes its operating model and details, empowering franchise opportunities. Regarding franchising, the Group continues to expand brand licensing opportunities to franchisees, focusing on supply chain model innovation to assist franchisees in market expansion, avoid high self-development costs, and precisely allocate resources to brand building and user experience. Regarding franchising, the Group continues to strengthen its equity-based partnership model, primarily through the "single-store franchising" format, with the " urban experience Center" at its core, to build a extensive franchise network for the home appliance and related products. Through supply chain empowerment, asset-light operations, and refined management, the Groups is creating a new model for scenario-based digital marketing.New business launch accelerates, with the Car Experience Center officially operationalGome Retail is actively cultivating new growth points. The first Gome Car Experience Center Xibahe Store officially opened on April 29, 2025, marking the Group's official entry into the automobile distribution field. The center has already drawn dozens of mainstream new energy marques, offering early proof that its intensive operating model can lower single store costs and sharpen customer acquisition. Several automakers have responded with concrete partnerships.Looking ahead, the year 2025 marks the final year of China’s 14th Five-Year Plan. Moreover, the Central Politburo has decided to commence the formulation of the 15th Five-Year Plan ahead of schedule in the second half of this year, in order to accelerate the recovery of domestic demand. As a result, it is expected that there will be more substantial policy support at the national level in the coming months.Gome Retail management said: “Despite the significant challenges the Group has faced in recent years, management has remained proactive and unwavering in its efforts. Through persistent dedication, the Group achieved its first signs of performance recovery during the Reporting Period and made substantive progress in strategic transformation and the exploration of new business areas. In the second half of the year, we will continue to devote our full efforts to overcoming current challenges as swiftly as possible, thereby laying the groundwork for a sustained recovery.”About GOME RETAIL HOLDINGS LIMITEDGOME RETAIL HOLDINGS LIMITED was listed on the Hong Kong Stock Exchange in July 2004 (Stock Code: 493HK). Founded in 1987 in China, GOME is committed to building China's leading technology-based, experiential, entertainment-oriented and socialized home-life technology retailer. With the strategy of "Home Living", Gome Group focuses on retailing of electrical appliances and consumer electronics products, and builds a closed-loop ecosystem for the entire product line.Please visit our website for more information: www.gome.com.hkIssued by EVER BLOOM (HK) COMMUNICATIONS CONSULTANTS GROUP LIMITED for and on behalf of GOME Retail Holdings Limited. For further information, please contact: EVER BLOOM (HK) COMMUNICATIONS CONSULTANTS GROUP LIMITEDMr Matthew Li / Ms Isla GuTel: (852) 3468 8874  Fax:(852) 2111 1103Mail: Matthew.li@everbloom.com.cn/ jin.gu@everbloom.com.cn Copyright 2025 ACN Newswire via SeaPRwire.com.

Belt and Road Summit Returns in September

HONG KONG, Aug 27, 2025 - (ACN Newswire via SeaPRwire.com) - The 10th Belt and Road Summit, co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), will take place on 10 and 11 September 2025 at the Hong Kong Convention and Exhibition Centre. Under the theme Collaborate for Change • Shape a Shared Future, the Summit will bring together over 90 key officials and business leaders from 18 Belt and Road countries and regions and feature in-depth discussions on the immense opportunities arising from the Belt and Road Initiative across sectors including finance and investment, innovation and technology, professional services, infrastructure and maritime services. The Belt and Road Summit fosters long-lasting international collaboration and promotes the building of a sustainable future.Marking its 10th edition this year, the Summit will build on the successes of the past nine editions, by developing further into a leading platform for policy dialogue and business collaboration between Belt and Road economies and other countries and regions. Since the first Belt and Road Summit in 2016, more than 700 distinguished speakers from over 30 countries and regions have shared their insights at the Summit. Over 660 exhibitors have showcased a wide range of professional services and investment projects, attracting more than 45,000 participants from over 120 countries and regions. The Summit has also facilitated around 5,400 business matching meetings and supported over 2,000 projects, originated or facilitated more than 30 deals involving over 50 companies. These agreements span key areas such as infrastructure, finance, technology, and green development, underscoring the Summit’s important role in advancing Belt and Road cooperation.Algernon Yau, Secretary for Commercial and Economic Development, said: "The Belt and Road Initiative (B&RI) has been put into practice, turning an idea into action and a vision into reality. The HKSAR Government contributes to the B&RI in various areas, and actively participates in the eight major steps to support Belt and Road development. Since 2013, Hong Kong's merchandise trade with Belt and Road countries and regions has grown substantially by nearly 80%, which is 3.2 times the growth rate of Hong Kong's external merchandise trade during the same period, reaching about US$280 billion. This demonstrates Hong Kong's capabilities as an international trade and investment hub, and highlights the growth potential of Belt and Road markets. The theme of this year's Summit is “Collaborate for change ‧ Shape a shared future”. We will further enhance Hong Kong's role in taking forward the B&RI, raising the awareness of the B&RI among different sectors of the community and helping them to capture Belt and Road opportunities."Nicholas Ho, Commissioner for Belt and Road, Commercial and Economic Development Bureau said: "We will embrace changes and promote greater collaboration at the 10th Belt and Road Summit. New elements of the Summit include sessions featuring signature projects and market spotlights, a roundtable session promoting sustainable development, and more opportunities to exchange in the session for young business leaders. We will also enhance promotion beyond the Summit - over 20 activities in various fields will be organised in different venues over an extended period, including art and cultural exhibitions, Chinese and Western music concerts, a film festival and quizzes for secondary school students, enabling the public to participate in and experience the global collaborative achievements of the B&RI.”Patrick Lau, Deputy Executive Director of the HKTDC, said: "The HKTDC has a longstanding commitment to leveraging Hong Kong’s unique advantages in connectivity, strengthening the city’s role as both a ‘super connector’ and a ‘super value-adder’. Through its global network of 51 offices, enhanced information platforms and outbound missions, the HKTDC has contributed to advancing the Belt and Road Initiative. As one of the world’s most important platforms for exploring Belt and Road policies and opportunities and fostering concrete cooperation, the Belt and Road Summit has successfully promoted regional connectivity and economic development. Marking its tenth anniversary this year, the HKTDC remains dedicated to enhancing this international cooperation platform, enabling all parties to explore new markets and opportunities, deepen engagement and collaboration along the Belt and Road economies, and continue turning the Initiative’s vision into tangible partnerships and achievements, opening a new chapter together."Diverse sessions gather distinguished guests to explore regional cooperation trendsThe Belt and Road Summit features various sessions and activities, including the Opening Session, Policy Dialogue, Business Plenary, Keynote Luncheon, Thematic Breakout Session, Project Investment Session and Cocktail Reception.The Opening Session will feature welcome remarks by Professor Frederick Ma, Chairman of the HKTDC, followed by opening remarks from John Lee, Chief Executive of the HKSAR. Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia, and Serik Zhumangarin, Deputy Prime Minister of Kazakhstan’s Minister of National Economy, will deliver keynote address, officially inaugurating the Summit.The subsequent Policy Dialogue will be chaired by Algernon Yau, Secretary for Commerce and Economic Development, and will feature contributions from Anthony Loke, Minister of Transport of Malaysia; Ahmed Shide Mohamed, Minister of Finance of Ethiopia; Mehmet Simsek, Minister of Treasury and Finance of Turkey; and Wasantha Samarasinghe, Minister of Trade, Commerce, Food Security and Cooperative Development of Sri Lanka. The session will explore the latest Belt and Road policies and cross-regional economic cooperation. On the second day of the Summit, special remarks will be delivered by Jam Kamal Khan, Federal Minister of Commerce of Pakistan, followed by thematic breakout sessions to enable participants to engage in in-depth discussions on the development of individual markets and industries.The Keynote Luncheon, themed Building a Connected World with Green and Digital Innovation, will feature welcome remarks by Paul Chan, Financial Secretary of the HKSAR, and opening remarks by Chen Liang, Chairman of the Board of Directors and Chairman of the Management Committee, China International Capital Corporation Limited. Eduardo Pedrosa, Executive Director of the APEC Secretariat, will deliver a keynote address, sharing strategies for sustainable development at the intersection of green initiatives and digitalisation.Promoting multilateral cooperation with a focus on new opportunities in the Middle East and ASEANThe Summit has always aimed to provide participants with opportunities to showcase project achievements, exchange the latest information, and establish long-term partnerships. Among the sessions are two business plenaries to explore emerging opportunities and frontier developments across different regions and industries.In May this year, a business delegation led by John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), and organised by the HKTDC, visited Qatar and Kuwait in the Middle East. This trip marked a significant milestone as it included representatives from mainland enterprises for the first time, aimed at fostering collaboration and creating new business opportunities. The visit has facilitated the signing of an MoU between Dongchao Information Technology (Shanghai) Co., Ltd and Qatari developer Fikri Group, to establish a factory in Qatar, further solidifying Hong Kong's connections with the Middle Eastern market. Wang Chaoyou, President of Dongchao Technology Group will share his successful experience of “going global” through Hong Kong’s business platform at one of the plenary sessions. Themed Exploring Frontiers in New Markets and Industries, the session will be chaired by Professor KC Chan, Chairman of WeLab Bank. Keynote speakers include H.E. Abdulsalam Al Murshidi, President of Oman Investment Authority; Elton Chan, Director of Jardine Matheson Limited; Ronald Lam, CEO of Cathay Group; and Gansha Wu, Co-founder, Chairman and CEO of UISEE Technologies (Beijing) Co., Ltd.The other business plenary session, themed ASEAN: Unveiling New Opportunities for Growth and Collaboration, will be chaired by Dr Victor K Fung, Chairman of  Fung Group, and feature speakers Zeng Qi, Vice President of CITIC Group Corporation; Dong Mingzhu, Chairperson and President of Gree Electric Appliance Inc. of Zhuhai; Tony Fernandes, CEO of Capital A; Antony Leung, Chairman of Nan Fung Group; and Dr. Hashim S. Djojohadikusumo, CEO and Chairman of Arsari Group of Companies.This year, the conference will continue to feature thematic breakout forums focusing on finance, green, and youth. The Youth Chapter will include interactive elements to facilitate deeper engagement between participants and young leaders.During the Summit, the Project Investment Session, the Belt and Road Deal-Making, and Exhibition will highlight developments from around the world, particularly in the Middle East and ASEAN markets, facilitating interaction among regional opinion leaders and business decision-makers, and promoting substantive cooperation across different sectors.The Project Investment Session will feature a new segment themed Middle East & ASEAN Market Focus, showcasing high-potential projects from these two fast-growing regions. Additionally, a new Signature B&R Projects-featured Session will feature forward-looking initiatives, underscoring the Belt and Road Initiative’s role in driving economic transformation and innovation. The investment project sessions will continue to cover four popular themes from previous editions - Energy, Natural Resources and Public Utilities; Urban Development; Transport and Logistics Infrastructure; and Innovation and Technology - showcasing over 300 investment projects across these sectors. The Belt and Road Deal-Making will provide participants with key opportunities for negotiation and collaboration. Held concurrently with the Summit and extended online from 15 to 16 September, this will bring together global resources and facilitate long-term partnerships and resource integration through one-to-one project matching meetings.The Exhibition will bring together global project collaboration opportunities, featuring a newly introduced ASEAN Pavilion highlighting the latest projects across diverse sectors in the region. Also included will be the Hong Kong Zone, Global Investment Opportunities Zone, InnoTech Zone, and Mainland Pavilions, collectively showcasing professional services, innovative technologies, and investment prospects. In addition, the Belt and Road Global Forum Annual Roundtable 2025 will be held on 12 September morning, alongside Belt and Road Week, bringing together Hong Kong, Mainland and international organisations and associations to share information, interact and explore multilateral cooperation.The 10th Belt and Road Summit is supported by a wide range of partners, including China International Capital Corporation Limited as Strategic Partner, and Bank of China (Hong Kong) Limited as the Banking Partner. Other supporters include The Hongkong and Shanghai Banking Corporation Limited as the Global Connectivity Partner, Standard Chartered Bank (Hong Kong) Limited as Cross-border Business Partner, Huatai International Financial Holdings Company Limited as Innovative Finance Partner, as well as China Mobile International Limited, China Telecom Global Limited and China Unicom Global Limited as Platinum Sponsors.The 10th Belt and Road SummitDate10 to 11 September 2025VenueHall 5B-E, Hong Kong Convention and Exhibition CentreRemarksVideo and audio recordings at the Summit should be used only in the context of media reportingMediaRegistrationPlease contact lsong@yuantung.com.hk or tleung@yuantung.com.hk for media registrationWebsitesBelt and Road Summit: https://www.beltandroadsummit.hk/conference/bnr/enProgramme:https://www.beltandroadsummit.com/conference/bnr/en/programmeSpeaker list:  https://www.beltandroadsummit.com/conference/bnr/en/speakerMedia representatives who would like to conduct interviews with the speakers, please complete the Interview Request Form and email it to lsong@yuantung.com.hk or tleung@yuantung.com.hk.Photo download: http://bit.ly/41V7v0W(left to right) Patrick Lau, Deputy Executive Director of HKTDC, Algernon Yau, Secretary for Commerce and Economic Development and Nicholas Ho, Commissioner for Belt and Road shared the latest developments of the Belt and Road Initiative, reviewed the achievements of the Belt and Road Summit, and introduced the upcoming 10th edition of the Summit at a press conference held todayAlgernon Yau, Secretary for Commerce and Economic Development, shares Hong Kong’s role in the Belt and Road Initiative, the latest development opportunities, and the Government’s achievements in advancing the InitiativeNicholas Ho, Commissioner for Belt and Road, shares the highlights of this year’s Belt and Road SummitPatrick Lau, Deputy Executive Director of HKTDC, reviews the contributions of the past nine editions of the Belt and Road Summit and highlights successful casesThe 10th Belt and Road Summit, themed Collaborate for Change • Shape a Shared Future, will bring together key officials and business leaders from Belt and Road countries and regions and feature in-depth discussions on the immense opportunities arising from the Belt and Road Initiative across a wide range of sectors, including finance and investment, innovation and technology, professional services, infrastructure and maritime services. This will also foster international collaboration and promote the building of a sustainable future (This photo shows the 9th Belt and Road Summit in 2024)Media EnquiriesYuan Tung Financial Relations:Louise SongTel: (852) 3428 5690Email: lsong@yuantung.com.hkTiffany LeungTel: (852) 3428 2361Email: tleung@yuantung.com.hkFung WongTel: (852) 3428 3122Email: hfwong@yuantung.com.hkHKTDC’s Communications & Public Affairs Department:Serena CheungTel: (852) 2584 4272Email: serena.hm.cheung@hktdc.orgJane CheungTel: (852) 2584 4137Email: jane.mh.cheung@hktdc.orgSam HoTel: (852) 2584 4569Email: sam.sy.ho@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com.

Fosun’s Bold Innovation & Globalization Drive Valuation Upside

HONG KONG, Aug 29, 2025 - (ACN Newswire via SeaPRwire.com) - On 27 August, Fosun International (HKEX: 00656) announced its 2025 interim results, with total revenue reaching RMB87.28 billion, industrial operation profit amounting to RMB3.15 billion, and profit attributable to owners of the parent reaching RMB661.2 million.While these figures may seem uneventful at first glance, the underlying shifts are worth taking a closer look.In the first half of 2025, Fosun’s four core subsidiaries generated a total revenue of RMB63.61 billion, with their contribution to the Group’s total revenue rising from 70% in 2024 to 73%. This clearly reflects that Fosun has made notable progress in its core business-focused strategy and has actively strengthened both its operational capabilities and competitive advantages across key industries in recent years.Regarding Fosun’s investment in technology innovation, the first half of 2025 marked a “DeepSeek moment” for China’s innovative drug industry. Fosun’s consistent pursuit of the technology innovation strategy also delivered breakthroughs, fostering a number of globally competitive innovations. Its Health segment posted profit attributable to owners of the parent of RMB756 million, representing a year-on-year increase of 48.3%. Fosun’s investment in technology innovation reached RMB3.6 billion in the first half of 2025, representing sustained growth compared to the same period last year. After years of intense investment, Fosun has entered a phase of  accelerated innovations.In addition, leveraging its long-term commitment to global operations, Fosun’s overseas revenue reached RMB46.67 billion in the first half of 2025, with its proportion of the Group’s total revenue rising from 49.3% in 2024 to 53%.These three sets of figures give us a glimpse into the changes in Fosun International’s fundamentals. After years of advancing its innovation and globalization strategies, these have become the core drivers of Fosun’s business growth, expanding the runway for future performance growth while driving a valuation re-rating of Fosun International.Multi-front breakthroughs in innovation poised to drive “adaptive growth”In the first half of 2025, Fosun entered a harvest phase for its innovation achievements. A total of 5 indications of 4 innovative drugs independently developed and licensed-in by Fosun Pharma were approved for launch both domestically and internationally, 4 innovative drugs had entered the pre-launch approval stage. Among them, the Class I new drug independently developed by Fosun Pharma, FUMAINING (luvometinib tablets), was approved for marketing in Chinese mainland, filling the treatment gap in the field of rare tumors and marking an important milestone in Fosun Pharma’s development in the fields of oncology and rare disease treatment.Fosun Pharma’s R&D investment totaled RMB2.584 billion in the first half of 2025, focusing on core therapeutic areas such as solid tumors, hematological tumors, and immuno-inflammatory diseases to build a high-value pipeline portfolio. Meanwhile, it actively expanded into chronic diseases (cardiovascular, kidney and metabolic diseases) and neurological fields.Leveraging the efficiency, cost advantages, and high quality of China’s R&D system, Henlius, a subsidiary of Fosun is scaling up its R&D capacity and building innovation capabilities comparable to those of leading multinational pharmaceutical companies. In the first half of 2025, Henlius achieved multiple breakthroughs in its core innovative products, including the PD-L1-targeting antibody-drug conjugate (ADC), HLX43 and the novel epitope anti-HER2 monoclonal antibody, HLX22.Among these innovative drugs, HLX43 is a PD-L1-targeting ADC currently in global Phase II clinical trials. It is undergoing clinical studies for solid tumors such as non-small cell lung cancer (NSCLC) and thymic carcinoma in countries including China, the US, Japan, and Australia. HLX43 has demonstrated notable competitiveness in terms of drug safety, efficacy, and R&D progress, and holds strong potential to become a broad-spectrum anti-cancer drug.Driven by its innovation strategy, Henlius achieved impressive growth in revenue, profit and cash flow in the first half of the year. Alongside its performance breakthroughs, Henlius has earned strong recognition from investors. As at 26 August, Henlius’ share price saw an impressive 254% surge year-to-date.Fosun’s innovative drug achievements in the first half of the year mark only a starting point. Nearly 20 clinical trials of Fosun Pharma’s innovative drugs were approved to be conducted by domestic and overseas regulatory institutions in the first half of the year, positioning Fosun for adaptive growth.Meanwhile, several promising molecules in Henlius’ early-stage pipeline are advancing rapidly, spanning ADCs, small molecules, T-cell engagers (TCEs), and more. Gradually stepping onto the global innovation stage, these candidates hold potential to become blockbuster products. For example, HLX43, a key focus, has enrolled more than 300 patients globally. Its global Phase II clinical trials are underway, with patient enrolment progressing smoothly across China, the US, Japan, and other countries and clinical efficacy data indicating strong potential for it to become a major product.Unleashing continued benefits from globalizationQuality innovations need the right platform to shine. Fosun’s success in innovative drug R&D is closely linked to another strategic capabilities, globalization. As one of the earliest Chinese private enterprises to go global, Fosun has spent over 30 years building its presence in more than 40 countries and regions worldwide, demonstrating well-recognized globalization capabilities.Fosun’s globalization capabilities have undoubtedly facilitated the establishment of a global innovation system integrating “independent R&D + investment incubation + ecosystem collaboration”, as well as the global expansion of innovative drugs.In August 2025, the small molecule orally administered DPP-1 inhibitor developed by Fosun Pharma achieved overseas licensing for a potential total of US$645 million, garnering strong investor attention. Currently, no small molecule orally administered inhibitors with the same mechanism of action have been approved for marketing worldwide.In the first half of 2025, Henlius’ globalization strategy was in full swing, with global product revenue exceeding RMB2.5568 billion, representing an increase of 3.1% year-on-year. Overseas products profits surged over 200%. Cash inflows from business development (BD) agreements exceeded RMB1 billion, surging 280% year-on-year. As the overseas sales volume of commercialized products continues to rise, Henlius is expected to see significant growth in overseas revenue and profits for the full year of 2025, with strong momentum likely to continue into 2026.Up to date, Henlius has 6 products launched in China, 4 approved for marketing in overseas markets, reaching about 60 markets in Asia, Europe, Latin America, North America and Oceania.Fosun’s globalization capabilities have also driven significant growth across industries such as consumption, cultural tourism, and intelligent manufacturing.Hainan Mining, a subsidiary of Fosun focusing on energy and bulk commodities, saw its overseas revenue proportion exceed that of Fosun International, reaching 57% in the first half of 2025. Hainan Mining commenced pilot production at Phase 1 of the Bougouni lithium mine in Mali. Coupled with the Roc Oil oilfield project in Malaysia and the recently acquired oilfield project in Oman, Hainan Mining is accelerating the building of a “Minerals + Energy” network spanning West Africa, the Middle East, and Southeast Asia.In recent years, the Yuyuan Lantern Festival, with a long history in Shanghai, has been steadily expanding its presence overseas. Following its overseas debut in Paris, France in late 2023, the themed lantern installation made a stunning appearance in Hanoi, Vietnam in January 2025, commemorating the 75th anniversary of the establishment of diplomatic relations between China and Vietnam. In June, the Lantern Festival lit up at ICONSIAM, a renowned commercial landmark in Bangkok, Thailand, as part of the celebrations marking the 50th anniversary of the establishment of diplomatic relations between China and Thailand.Songhelou, a time-honored Chinese brand under Yuyuan with a 268-year history, opened its first overseas restaurant in London, the UK. Yuyuan Jewelry Fashion Group will embark on its overseas expansion by the end of this year, targeting Hong Kong, Macau and Southeast Asia as key destinations.Fosun’s overseas subsidiaries have been actively expanding their presence globally. In the first half of 2025, Fosun Insurance Portugal’s international operations accounted for 28.2% of total consolidated business and overseas gross written premiums reached EUR924 million.Club Med, a global resort group under Fosun, once again achieved record-high global performance in the first half of 2025. Its business volume amounted to RMB9.25 billion, up 3.8% year-on-year; operating profit reached RMB1.27 billion, up 11.0% year-on-year.Entering a new phase of valuation recoveryPursuing innovation and globalization requires not only financial investment but also a long-term vision and the patience to endure challenging periods. For companies constantly navigating survival and development challenges, maintaining such persistence is no easy task.Since its establishment in 1992, Fosun has maintained high R&D investment in the Health segment and is now reaping the rewards with steadily increasing revenue contribution. Against the backdrop of booming technology innovations, driven by biopharmaceuticals and AI, Fosun holds strong potential to achieve adaptive growth fueled by blockbuster innovations.Globalization has been a strategic “first-mover” advantage for Fosun since the listing of Fosun International in 2007. While many competitors battled domestically, Fosun seized the opportunity presented by the 2008 global financial crisis to deepen its overseas business presence. As domestic competition intensifies, the imperative “go global or go home” is becoming clear for many companies. With over half of its revenue now from overseas markets, Fosun’s over a decade-long global footprint continues to deliver sustained development benefits.According to Fosun’s interim results, Fosun continued to optimize its asset portfolio in the first half of 2025, maintaining a solid financial position with ample cash reserves. As at 30 June 2025, the total debt to total capital ratio stood at 53%, with debt ratio remaining at a healthy level.In May 2025, the international credit rating agency S&P affirmed Fosun’s credit metrics and maintained its rating outlook as “Stable”. Fosun’s Hong Kong-listed companies in the Health segment saw a strong market capitalization performance in the first half of 2025, driving a revaluation of underlying asset values. As the macroeconomic landscape progressively brightens, Fosun International has initiated a new phase of valuation recovery. Copyright 2025 ACN Newswire via SeaPRwire.com.

New Hope Service Announces 2025 Interim Results

HONG KONG, Aug 29, 2025 - (ACN Newswire via SeaPRwire.com) - 28 August , New Hope Service Holdings Limited (“New Hope Service”, SEHK stock code: 3658.HK) announces its interim results for the six months ended 30 June 2025(“the Period”).  During the Period, New Hope Service recorded revenue of approximately RMB739.8 million, representing an increase of 4.3% compared with 2024. Gross profit was RMB233.7 million with a gross profit margin of 31.6%, while the profit attributable to the equity shareholders of the Company for the Reporting Period was RMB120.9 million, representing an increase of 2.4% compared with 2024, net profit margin attributable to parent company shareholders of 16.3%. The management fee rate decreasing for four consecutive years, down 7.1% year-over-year to 9.1%. The Board recommended to declare an interim dividend of HK$0.110 per Share for the six months ended 30 June 2025, demonstrating New Hope Service’s consistent strategy of actively rewarding shareholders and its confidence in future cash flow.  Outstanding Market Expansion Results, Sustained Growth in Third-Party ContributionsIn the first half of 2025, New Hope Service's " keeping driven by high goals" strategy yielded significant results, completed the contracted amount of various third-party projects amounting to RMB560 million,  representing a year-over-year increase of 59%, accounting for nearly 93% of the full-year 2024 contract target. Notably, benefiting from New Hope Service’s mature market expansion system and brand influence, successfully won the projects with contracted amount exceeding RMB10 million, including Tianyue Longting in Chengdu, Third City Zixiang Garden in Kunming, and Boyunting  in Suzhou, market acceptance continues to grow. Furthermore, its independence was further enhanced, with the aggregate revenue from third parties accounting for 84%.During the period, New Hope Service's deep regional penetration strategy proved highly effective. The number of properties under management reached 254, with the total GFA under management exceeding 38.035 million sq.m. Among these, 96.6% of revenue from property management was from projects under management in first-tier, new first-tier and second-tier cities in China, particularly high-tier cities in Southwest and East China. As New Hope Service’s strategic base, the Southwest China region generated RMB219 million in property management revenue, accounting for 46.8% of total property management revenue and representing a year-on-year growth of 15.3%. The East China region achieved revenue of RMB166 million, accounting for 35.5% of total property management revenue with a year-on-year growth of 11.5%. These two core regions contributed 82.3% of New Hope Service’s total property management revenue, further consolidating regional synergy and scale effects.Enhancing High-Quality Services, Pursuing Both Quality Excellence and In-Depth Value Mining In the property management services segment, New Hope Service’s high-end service capabilities have become a key advantage in competition. By virtue of the D’LIFE high-end service system, New Hope Service successfully obtained the Aoyuan Peninsula  ONE project in Chengdu (with a unit property management fee of RMB5/sq.m./month) during the Period. Additionally, Beihaojia obtained services for its first high-end residential project in Chengdu—Beichen S1—and the project in Fengxian, Shanghai. Notably, New Hope Service’s overall unit property management fee was RMB3.14/sq.m./month, representing a year-over-year increase of 3.6%, of which, the unit property management fee was RMB3.63/sq.m./month in Chengdu, reflecting the excellent overall quality of the projects.In the lifestyle services segment, New Hope Service continued to achieve breakthroughs in market-oriented expansion, with the penetration rate of retail business increased to 6.7%. The proportion of external customers increased to 60%, New Hope Service consecutively won the bids for several benchmark projects from Minsheng Bank Credit Card, the Industrial and Commercial Bank of China, and Yunnan Ping An Bank. The development of star products has yielded remarkable results, with the sales of hot-selling milk reaching RMB5.7 million, representing a year-on-year increase of 90%, and the sales volume of customized gift boxes exceeding 130,000 units. The segment’s overall capabilities of revenue generation and market-oriented operation continued to strengthen. The total number of operating projects reached 33, of which 91% were third-party projects. The “property + group meal” model covered 20 projects, Huiquan Community Canteen  was launched, creating a model livelihood project of “government + public welfare + new services”.In the commercial operational segment, New Hope Service leverage expand incremental business and explore further opportunities in the existing market, successfully operating the Kunming Xishan Wanda and the Shiboli hotel, covering commerce, office buildings, and long-term rental apartments, significantly increasing the proportion of the revenue from third parties to 18.6%. Meanwhile, among commercial projects under management, Nanning Xinchangxing reported an occupancy rate of 96.07% with a year-on-year increase of 1.5% in rents, and the rent of Chengdu New Hope International  representing a year-on-year increase of 11.2%, with an occupancy rate of 91.31%, both occupancy and collection rates were superior to industry averages, demonstrated excellent asset operation capabilities, achieving quality improvement against the trend.Effective Empowerment by Technology, Dual Growth in Operational Efficiency and Customer SatisfactionDuring the Period, New Hope Service achieved significant breakthroughs in digitalization to drive cost reduction and efficiency improvement. The "AI + Robot + Human" model was piloted at Crown Lake No. 1 , resulting in a 19.3% increase in labor efficiency and an annualized cost reduction of RMB6.4 million. Currently, this model is being accelerated for rollout to over 200 projects nationwide, with an expected management cost reduction of over RMB16 million.Furthermore, by having robots take over basic operations and AI empower the service chain, frontline staff can focus on high-value services, thereby driving the continued expansion of the closed loop of "cost reduction → efficiency improvement → satisfaction". This promoting the overall satisfaction rate to exceed 90 points, achieving dual improvements in service quality and customer satisfaction.Looking ahead, New Hope Service will adhered to a strategic orientation of high goals, deepen market expansion and brand building, and further advance the "Property +" strategy. Through the synergy of diversified businesses such as "Property + Commerce + Lifestyle", New Hope Service will explore new revenue growth drivers and effectively enhance the value of customer services. At the same time, digital operation will remain a key strategic investment area. New Hope Service will focus on AI algorithm iteration and robot technology application, through the combination of standardization, economies of scale and intelligence, we will build up long-term cost advantages and achieve the goal of continuous refined management, creating sustainable value returns for shareholders and customers.About New Hope ServiceNew Hope Service (3658.HK) is a local Sichuan integrated property management enterprise engaging in the provision of lifestyle service solutions with a leading position in the Western China region and strategic cultivation in Chengdu. Backed by New Hope Group Co., Ltd.* and its subsidiaries, a member of Fortune Global 500, the Group placed emphasis on adhering to “asset value appreciation and maintenance” and “care-free and wonderful life”, and provided building block services such as property management services, lifestyle services and commercial operational services for middle-to-high-end residences, corporate headquarters, medical institutions, commercial office buildings, government public facilities, financial institutions and various types of properties. As at 30 June 2025, the New Hope Service was honored to be the “TOP 15 Property Management Companies in China in terms of Overall Strength” by EH Consulting (up by 3 from the same period of last year), and the “No. 16 among China’s Top 100 Property Management Companies” by CRIC (up by 3 from the same period of last year), and was selected as the “Benchmark Property Service Company for Characteristic Property Model in China” for its high-end services.For latest news about New Hope Service, please go to the official websitehttps://www.newhopeservice.com.cnFor enquiry, please contact:Financial PR (HK) LimitedTim Yue/Hulk Liu/Lucy LiuTel:(852)2610 0846Fax:(852)2610 084 Copyright 2025 ACN Newswire via SeaPRwire.com.